Bitcoin News Today: Institutional Push Can't Offset Crypto's Systemic Selloff

The crypto market is under mounting pressure as Bitcoin ETF outflows hit record levels and macroeconomic headwinds continue to weigh on investor sentiment. November is on track to become the worst month in history for U.S.-listed Bitcoin ETFs, with $3.5 billion in outflows as of November 24, nearly matching the previous record of $3.6 billion set in February 2025. BlackRock's IBIT fund alone has seen $2.2 billion in redemptions this month, reflecting a broad-based exodus from digital assets.

The selloff coincides with a sharp decline in Bitcoin's price, which fell to $80,657 in November - the lowest level since April 2025. Analysts attribute the downturn to a confluence of factors, including weak U.S. labor market data, rising recession risks, and uncertainty around Federal Reserve monetary policy. Sticky inflation has complicated the Fed's path to rate cuts, while a stronger dollar and tightening liquidity conditions have driven capital toward safer assets. Global economic softness in Europe and Asia has further amplified risk-off sentiment, disproportionately impacting high-beta assets like crypto.

Despite the bleak environment, new crypto fund offerings have emerged as a silver lining. Franklin Templeton launched its XRP ETF (XRPZ) on NYSE Arca, joining a growing list of providers including Grayscale and REX Shares. The fund, structured as a grantor trust, holding XRP tokens, aims to provide institutional-grade exposure to the fourth-largest cryptocurrency by market capitalization. Franklin Templeton's move follows similar initiatives from Grayscale, which debuted its GXRP ETF on the same day as its Dogecoin fund. These launches highlight the sector's ongoing institutionalization, even as broader market conditions remain volatile.

CoinShares reported $1.94 billion in outflows for crypto ETPs last week, bringing the four-week total to $4.9 billion - the third-largest outflow streak on record. However, XRP investment products bucked the trend with $89.3 million in inflows, driven by strategic buying from "smart money" traders. Meanwhile, Bitcoin and Ethereum continued to hemorrhage capital, with BTC ETFs losing $1.27 billion and ETH funds shedding $589 million in the same period.

The market's fragility is further compounded by hidden pressures from overleveraged digital asset treasury companies (DATCos). These firms, which raised $42.7 billion in 2025 to buy and hold crypto as corporate reserves, are now facing forced selling dynamics as Bitcoin's price collapse erodes their balance sheets. Analysts warn that the collapse of corporate treasury bets could exacerbate downward price momentum, particularly as liquidity dries up and debt instruments mature.

Solana, one of the few bright spots in the crypto space, has shown resilience despite broader market weakness. The network generated $2.85 billion in annual revenue from trading and network activity, while its ETFs attracted $380 million in inflows within three weeks of launching. However, Ethereum's decline - falling 45% from its August peak has intensified competition for institutional capital, with Solana's speed and scalability positioning it as a potential long-term outperformer.

As the crypto market grapples with these challenges, the path to recovery remains uncertain. Investors are cautiously eyeing macroeconomic developments, with many awaiting clearer signals on Fed policy and inflation trends. For now, the sector faces a delicate balancing act between institutional innovation and systemic risks that could prolong the downturn.