Bitcoin News Today: Bitcoin ETFs Lose $3.8B Amid Solana Surge as Investors Redirect Capital

The U.S. Bitcoin spot ETF landscape experienced a significant shift in mid-November 2025, with record outflows totaling $3.79 billion for the month, marking a stark contrast to earlier inflows of over $24 billion through October. On a single day, Bitcoin ETFs saw nearly $900 million in redemptions, the second-largest withdrawal since their launch in January 2024, as the cryptocurrency fell below $95,000 for the first time in six months according to financial reports. BlackRock's iShares Bitcoin Trust (IBIT) led the outflows, losing $355.5 million, while Grayscale's GBTC and Fidelity's FBTC shed $199 million and $190 million, respectively as reported by financial sources. This exodus was driven by profit-taking after Bitcoin's surge earlier in the year and macroeconomic pressures, including a weakening U.S. labor market, sticky inflation, and tighter liquidity conditions according to crypto market analysis.

The outflows underscored a broader market correction, with Bitcoin dropping to $80,657 by November 24-the lowest level since April 2025. Citigroup analysts noted a direct correlation between ETF outflows and price declines, estimating a 3.4% drop for every $1 billion in net outflows. Meanwhile, Solana ETFs attracted $531 million in their first week, capitalizing on 7% staking yields and lower fees compared to Bitcoin. This divergence highlighted growing investor appetite for alternatives, as market data shows Solana funds recording seven consecutive days of inflows even as Bitcoin's value plummeted.

The trend reflected a shift in risk appetite, as global markets grappled with recession fears and uncertain monetary policy. Bloomberg's Rebecca Sin attributed the outflows to hedge funds unwinding "basis trading" strategies and institutions hedging derivative positions according to financial analysis. CoinShares' James Butterfill added that the four-week outflow streak of $4.92 billion represents the third-largest such period since 2018, though annual inflows for crypto products remained robust at $44.4 billion.

Looking ahead, analysts remain divided on Bitcoin's trajectory. While some foresee a potential rebound, others caution that regulatory uncertainties and macroeconomic headwinds could prolong the downturn. Citigroup's Alex Saunders set a bearish year-end target of $82,000, while James Butterfill projected a range of $80,000 to $150,000 for 2025 according to market forecasts. The iShares Bitcoin Trust (IBIT), despite its outflows, remains a key player, with assets under management surpassing $6.5 billion as of November 2024.