Bitcoin News Today: ETF Exodus Drives Bitcoin to Seven-Month Low as Markets Reel

Bitcoin plunged to its lowest level in seven months, trading below $83,400 on Friday as record outflows from U.S. spot Bitcoin exchange-traded funds (ETFs) signaled a sharp shift in investor sentiment. The 11 U.S.-listed spot Bitcoin ETFs have collectively lost $3.79 billion in November-the largest monthly outflow since the products debuted in January 2024, surpassing February's record of $3.56 billion. This exodus has accelerated a broader selloff in crypto and equity markets, with Bitcoin's price now reflecting levels last seen in April 2025.

The outflows have been concentrated in the largest ETFs. BlackRock's IBIT, the dominant fund with over $72 billion in assets, accounted for 63% of November's total redemptions, losing $2.47 billion this month. Fidelity's FBTC followed closely, shedding $1.09 billion. On Thursday alone, U.S. spot Bitcoin ETFs saw a record $903 million in net outflows-the second-largest single-day withdrawal since their launch. Analysts attribute the redemptions to a combination of macroeconomic uncertainty, thinning liquidity, and fears of a delayed Fed rate cut.

The sell-off has spilled over into broader markets. Nvidia's stock fell 3.15% after its Q3 earnings report revealed a surge in accounts receivable to $33.4 billion, spooking equity traders and triggering a risk-off move. The S&P 500 and Nasdaq Composite dropped 1.56% and 2.15%, respectively, while crypto stocks like Coinbase and BitMine posted steeper declines according to market analysis. "When tech giants wobble, liquidity tightens everywhere, and Bitcoin feels the pinch," said Rachael Lucas, a crypto analyst at BTC Markets according to recent reports.

Ethereum ETFs have also faced record outflows of $1.79 billion this month. However, newly launched altcoin ETFs have drawn inflows, with Bitwise's XRP fund capturing $105 million on its debut and Solana-linked funds seeing $23.66 million in positive flows. This divergence highlights shifting investor preferences amid the selloff.

The outflows have compounded pressure on Bitcoin's price. After a brief rebound on Wednesday, the asset fell below $86,000 on Thursday and continued its decline on Friday. The drop has pushed Bitcoin closer to $80,000- a level last seen in April 2025-raising concerns about further downside. Analysts caution that the selloff reflects short-term caution rather than a structural shift. "Institutions haven't abandoned ship; they're just trimming sails," Lucas noted, pointing to cumulative ETF inflows of $57.4 billion year-to-date.