Bitcoin News Today: Crypto Market Selloff Contrasts with Harvard's Bitcoin Bet

The cryptocurrency market faced another turbulent week as Bitcoin and Ethereum spot ETFs recorded significant outflows, deepening a broader selloff in digital assets. On November 14, U.S.-listed Bitcoin ETFs saw a net outflow of $8.667 billion, while Ethereum ETFs lost $2.596 billion in assets, according to Farside monitoring data. This marked one of the largest single-day withdrawals for Bitcoin ETFs since their launch, with Ether ETFs also experiencing their biggest outflow since October according to Seeking Alpha. The exodus coincided with Bitcoin slipping below $100,000 and Ethereum trading below $3,200, as risk-averse investors fled volatile markets amid macroeconomic uncertainty according to Seeking Alpha.

The outflows reflect waning institutional and retail demand, compounding pressures from a broader market downturn. Data from SoSoValue showed Bitcoin ETFs lost $870 million on Thursday, the second-largest outflow in their 22-month history, with Grayscale's GBTC, BlackRock's IBIT, and Fidelity's FBTC leading the declines. Ethereum ETFs similarly bled $260 million, their worst performance in weeks. Analysts at 10X Research noted the market has entered a bear phase, citing weak ETF inflows, sustained selling by long-term holders, and muted retail participation. Over $1 billion in leveraged crypto positions have been liquidated in the past 24 hours, per CoinGlass data, exacerbating downward momentum.

Despite the gloom, some institutional players are bucking the trend. Harvard University tripled its stake in BlackRock's iShares Bitcoin Trust in the third quarter, holding 6.8 million shares worth $442.8 million as of September 30, 2025. The move, described by Bloomberg's Eric Balchunas as "super rare" for endowments, underscores cautious optimism about Bitcoin's long-term potential despite short-term volatility. Meanwhile, the XRP ETF launched by Canary Capital saw unexpected success, raking in $58 million in its first day-surpassing initial projections-while Bitcoin and Ethereum funds struggled according to Yahoo Finance.

Technical indicators for Ethereum suggest a potential floor for the altcoin's decline. The cryptocurrency has held above the $3,100 support level, a critical threshold for maintaining bullish momentum, according to analyst @IamCryptoWolf. A breakdown below this level could trigger further selling, but sustained support here might pave the way for a December rally toward all-time highs. On-chain data also shows Ethereum's futures market remains fragile, with $206.5 million in liquidations over the past 24 hours, according to FXStreet.

The market's bearish sentiment is compounded by macroeconomic headwinds, including geopolitical tensions and a shaky U.S. economic outlook. However, Harvard's continued investment in Bitcoin ETFs and Ethereum's technical resilience highlight diverging views on the crypto market's trajectory. As the sector grapples with outflows and volatility, investors remain split between panic and the possibility of a cyclical rebound.