- Bitcoin-related exchange-traded funds (ETFs) in the U.S. are experiencing record outflows in November 2025, with withdrawals totalling $3.79 billion.
- BlackRock’s iShares Bitcoin Trust (IBIT) leads the outflow with $2.47 billion withdrawn, accounting for 63% of total ETF redemptions this month.
Bitcoin-related exchange-traded funds in the U.S. are going through a very tough time in the month of November, with their performance being at its lowest level since the funds were introduced in January 2024. The November withdrawals have amounted to $3.79 billion, which is significantly higher than the record of $3.56 billion that was withdrawn in February.
On Thursday, the $903 million redemption was the most significant single-day departure of the month; thus, it contrasted with the brief inflow of $75.4 million that took place on Wednesday. The ongoing outflow of capital from these funds indicates that the institutional investors’ trust is gradually fading in the middle of the fall of the Bitcoin price to its lowest level in seven months, at $83,461.
BlackRock’s IBIT Dominates Redemption Wave
Through the end of the month, BlackRock’s iShares Bitcoin Trust has been the leading cause of historic outflows in November with net redemptions amounting to $2.47 billion. In this period, the single fund has been responsible for 63% of the total withdrawals of all US spot Bitcoin ETFs.
The CEO of CryptoQuant, Ki Young Ju, put the IBIT outflow of $1.02 billion this week as the fund’s largest decline in a single week. Fidelity’s Wise Origin Bitcoin Fund is in second position with a $1.09 billion exit in November and a $225.9 million departure this week. The two products, in total, are responsible for 91% of the ETF redemptions that have taken place in November, thus, the market stress has been concentrated.
Part of the momentum that fuelled the ETF outflow is now reaching the corporate Bitcoin holdings that are mainly funded through digital asset treasuries.
In October, the inflows of DAT dropped 82% to $1.93 billion from the $10.89 billion peak of September after the liquidations that were spread out widely. The data for November only shows a growth of $505 million; thus, this month turned out to be the weakest for institutional Bitcoin accumulation from 2024.
Market experts predict that the downturn might get worse before it gets better, with Alliance DAO’s QwQiao implying that the markets might have to face another 50% drop in value. Chris Burniske, co-founder of Placeholder, mentions that the rally of Bitcoin was strengthened by digital asset treasuries and ETFs and thus, the decline can be similarly accelerated by them.
The combination of record ETF outflows, a decrease in corporate treasury inflows, and Bitcoin’s falling to its April price levels is a strong indication that the institutional appetite has turned away. It is still a question of whether November is a brief period of correction or an extended bear market as December is getting closer.
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Source: https://thenewscrypto.com/blackrock-bitcoin-etf-bleeds-2-47b-as-november-outflows-shatter-records/
