Bitcoin News Today: Bitcoin ETFs Bleed $523M as Investors Balance Panic and Long-Term Bets

Spot Bitcoin ETFs Recorded Nearly $523M in Single-Day Outflows as Market Volatility Intensifies

BlackRock's iShares Bitcoin Trust ETF (IBIT) suffered a record net outflow of $1.26 billion in November 2025, marking the largest monthly redemption since its January 2024 launch. The outflow accelerated as the price of IBIT plummeted 16% to $52, a level last seen in April, amid surging demand for bearish options to hedge further declines. The broader market saw 11 spot Bitcoin ETFs collectively lose $2.59 billion, according to data from SoSoValue, as investors retreated amid heightened uncertainty.

The selloff coincided with a sharp rise in the cost of put options relative to calls, with the 250-day put-call skew hitting a seven-month high of 3.1%. This metric, tracked by MarketChameleon, reflects growing pessimism as traders prioritize downside protection. The trend underscores a shift in sentiment, with on-chain data suggesting late-stage capitulation pressures in Bitcoin's price action.

The outflows contrasted with broader ETF movements, where six of 11 S&P 500 sector funds recorded outflows, while healthcare and technology sectors saw inflows totaling $1.0 billion. Meanwhile, gold ETFs attracted $289 million in inflows as investors sought safe havens.

Bitcoin's price drop below $90,000 for the first time in seven months exacerbated the ETF selloff. Analysts attributed the volatility to shifting macroeconomic factors and cautious positioning ahead of potential policy changes. "Long-term buyers may view this as an entry point, while institutions could be derisking portfolios," said Nick Ruck, director at LVRG Research.

The single-day outflow for IBIT peaked at $520 million on November 18, the worst performance in its history, per Bloomberg ETF analyst Eric Balchunas. Year-to-date inflows in Bitcoin ETFs now stand at $27.4 billion, lagging behind 2024's $41.7 billion total. This decline highlights waning momentum after the post-Trump-election rally, as global macroeconomic shifts reshape investor behavior.

The turmoil follows the SEC's 2024 approval of spot Bitcoin ETFs, which initially attracted institutional capital but now face renewed scrutiny. Critics argue that the lack of direct asset ownership in ETFs-often summarized as "not your keys, not your coins"-remains a structural drawback.