Bitcoin News Today: Investors Redirect $3.79B to Altcoins as Bitcoin ETFs Bleed Cash

Bitcoin ETFs Post Record $3.79 Billion Outflows in November Amid Market Diversification

Bitcoin (BTC) spot exchange-traded funds (ETFs) in the U.S. have suffered historic outflows in November 2025, with total redemptions reaching $3.79 billion-the largest on record and surpassing the previous high of $3.56 billion in February. The exodus has accelerated amid a broader market correction, with investors shifting capital toward alternative cryptocurrencies like Solana (SOL) and XRP, which have seen net inflows totaling $300.46 million and $410 million, respectively according to reports.

BlackRock's iShares Bitcoin Trust (IBIT), the largest U.S. bitcoin ETF, led the outflows, with redemptions exceeding $2.1 billion this month. On November 20 alone, the fund recorded a single-day outflow of $523 million-the highest since its January 2024 launch according to data. Fidelity's Wise Origin Bitcoin Fund (FBTC) also saw significant redemptions, shedding $1.09 billion in November. The sustained outflows reflect growing investor aversion to Bitcoin, which has fallen below $85,000, its lowest level in seven months.

The sell-off contrasts with the performance of newer ETFs tied to Solana and XRP, which have attracted inflows despite the broader market downturn. Solana's spot ETFs, launched in late October, leveraged competitive fee structures and staking yields of up to 7% to attract $531 million in net assets during their first week. Similarly, XRP ETFs have drawn $410 million in inflows, capitalizing on lower fees and a market rebound for the token. Analysts attribute the shift to profit-taking in Bitcoin after its October peak above $126,000 and macroeconomic pressures, including a liquidity crunch and rising U.S. Treasury yields according to market analysis.

Ethereum (ETH) ETFs have also faced record outflows of $1.79 billion, logging eight consecutive days of net redemptions. However, Ethereum's funds have seen recent stabilization, with BlackRock's ETHA product attracting $92.61 million in inflows on November 24 according to financial data. The divergence in ETF performance highlights a broader trend of institutional and retail investors diversifying crypto exposure beyond the top two cryptocurrencies according to market reports.

Market depth and liquidity constraints have exacerbated the sell-off, with Bitcoin's order books thinning as large trades trigger sharper price swings. "The feedback loop between ETF outflows and declining prices is intensifying," said Rachael Lucas, a crypto analyst at BTC Markets according to market commentary. The outflows have also raised concerns about the sustainability of Bitcoin's ETF-driven rally, which fueled much of its 2024 momentum.

Despite the selloff, some analysts remain cautiously optimistic. Jim Bianco of Bianco Research noted that the average cost basis for spot Bitcoin ETF investors is $90,146, meaning most buyers are still slightly profitable at current prices according to financial analysis. However, further declines could trigger broader panic, particularly if Bitcoin retests its April 2022 price levels according to market forecasts.