BlackRock’s Bitcoin ETF Bleeds $474M as Kiyosaki Calls It a Buying Opportunity

TLDR

• BlackRock’s Bitcoin ETF recorded its largest-ever single-day outflow at $473.72 million, marking the biggest withdrawal since the fund launched
• Total Bitcoin ETF outflows reached $866 million across major issuers including Fidelity ($2 million) and Grayscale ($25.09 million) with nearly all funds seeing zero inflows
• Robert Kiyosaki attributes the crash to a global cash shortage rather than lost confidence in Bitcoin and plans to buy more after the decline ends
• The Bitcoin Fear and Greed Index dropped to 16, entering “Extreme Fear” territory which some analysts view as a potential buying opportunity
• Most cryptocurrencies fell between 10% and 30% over the past month, showing sharp performance divide across the market

BlackRock’s Bitcoin ETF experienced its largest withdrawal ever on November 14, pulling $473.72 million worth of Bitcoin in a single trading session. The outflow represents the biggest exit in dollar terms since the asset manager launched its Bitcoin product.

SoSoValue data confirmed the scale of withdrawals across the Bitcoin ETF market. BlackRock’s IBIT fund recorded $463.10 million in net outflows. Fidelity’s FBTC posted over $2 million in withdrawals.

Grayscale’s GBTC shed $25.09 million, continuing its pattern of consistent outflows. Only one smaller Grayscale product added $4.17 million, providing minimal support against the heavy selling. Other major issuers including Ark 21Shares, Bitwise, VanEck, Invesco, Valkyrie, Franklin, and WisdomTree recorded zero inflows.

The record withdrawal comes weeks after JPMorgan disclosed holding shares of IBIT worth over $340 million. Market observers note that institutions appear to be selling due to urgent cash needs rather than doubts about Bitcoin’s long-term value.

Market Performance Shows Sharp Divide

Data from analyst Daan Crypto Trades revealed that most crypto assets fell between 10% and 30% over the past month. Only a few dozen coins managed returns above 30%. The data shows extreme separation between winners and losers in the current market cycle.

Daan explained that performance has been uneven throughout the year. He said investors cannot hold every token and expect strong results. The analyst recommended traders stay nimble or focus only on Bitcoin and major assets.

His analysis supports the view that liquidity concentrates around major coins during periods of market stress. The Bitcoin Fear and Greed Index dropped to 16, entering “Extreme Fear” territory. This level is historically viewed by some traders as a potential buying zone.

Kiyosaki Maintains Buying Plans

Robert Kiyosaki, author of Rich Dad Poor Dad, told his 2.8 million followers on X that he is not selling Bitcoin or gold. He said the real reason for market declines is a global cash shortage. “The cause of all markets crashing is the world is in need of cash,” he stated.

Kiyosaki referenced analyst Lawrence Lepard’s “Big Print” thesis. The theory suggests governments will resort to massive money creation to cover mounting debt loads. He believes this will make Bitcoin, gold, silver, and Ethereum more valuable.

Kiyosaki said most panic stems from liquidity needs rather than lost conviction. He encouraged users to form study groups to learn together and avoid mistakes. The author noted he does not give investment advice and only shares his personal actions.

Analytics firm Santiment warned traders to be cautious as social media fills with claims that Bitcoin has already bottomed. The firm said widespread confidence in a market floor often comes before further declines. Bitcoin briefly dipped below $95,000 on Friday, sparking posts suggesting the worst is over.

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