Retail investors have sold about $4 billion of spot BTC and ETH ETFs in November — the main driver of the latest crypto market correction.
The company sees bitcoin as a store of value, similar to gold, a spokesperson told Bloomberg.
Notably, BlackRock's IBIT saw $60.61 million in positive flows, after recording $523 million in net outflows on Tuesday.
Nearly two years after the inception of the Bitcoin ETF sector in the United States, these funds are currently grappling with significant challenges, exacerbated by mounting concerns regarding a potential bear market in the coming months. This turmoil is exemplified by the BlackRock iShares Bitcoin Trust ETF (IBIT), which experienced its largest single-day withdrawal since launch, further contributing to the decline in Bitcoin’s price. Profit-Taking And Caution The recent outflows from BlackRock’s Bitcoin ETF highlight the severity of the current selloff within the Bitcoin market, which has experienced a substantial correction below the crucial $100,000 mark following a record high reached in October. Related Reading: Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel This downturn emphasizes the widespread pullback affecting various risk assets, while gold has notably remained resilient. Some analysts suggest that these developments indicate a trend of investors shifting their exposure from Bitcoin to gold. “The crypto market entered a hangover in August,” said Thomas Perfumo, Global Economist at Kraken, in a recent interview with Reuters, noting that much of the earlier demand for Bitcoin had been fueled by borrowed funds. He added, “Momentum seemingly peaked during the summer. But the truth is this hangover trend started months ago.” Analysts have also pointed to profit-taking behaviors among long-term holders and increasing caution among Bitcoin ETF funds and digital asset treasury (DAT) firms, which had previously ramped up their acquisitions throughout the year. Brian Vieten, a research analyst at Siebert Financial, stated that Bitcoin treasury companies had collectively purchased nearly $50 billion worth of Bitcoin over the past year. Recently, however, many of these firms have begun trading at a discount to their net asset value, which could dampen market expectations for new Bitcoin purchases in the near term. Bitcoin ETF Inflows Plummet This shift occurs amid rising concerns among heavyweight investors regarding inflated valuations across various asset classes. José Torres, a senior economist at Interactive Brokers, noted that “an ongoing lack of speculative spirits is weighing on Bitcoin.” Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why Despite managing over $73 billion in assets, IBIT has seen a decline of 19% in the current quarter. Data from SoSoValue indicates that spot Bitcoin ETF funds collectively have recorded $2.59 billion in outflows this month alone. Leading the pack is BlackRock’s Bitcoin ETF, which has experienced $1.78 billion in outflows in November alone. The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks second, with nearly $540 million in outflows. The turbulence isn’t limited to Bitcoin; the Ethereum exchange-traded fund sector also faced outflows, totaling approximately $74.2 million yesterday, with BlackRock selling off $165.1 million. On a more positive note, Solana spot ETFs reported net inflows of $30.09 million on Tuesday, primarily driven by Bitwise’s BSOL. This marks a major streak of 15 consecutive days of inflows for Solana. Featured image from DALL-E, chart from TradingView.com
The Abu Dhabi Investment Council (ADIC) has taken a major step, while most U.S. Bitcoin ETFs are facing heavy withdrawals. While BlackRock’s IBIT reported a $523.2 million single-day outflow and U.S. spot Bitcoin ETFs recorded five days of redemptions, ADIC quietly expanded its position during the third quarter. This move stands out as global sentiment …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The average spot bitcoin ETF buyer sits near a $90,000 cost basis, leaving most investors roughly flat.
Meanwhile, spot Solana ETFs extended their positive flow streak to 16 days, accumulating $420 million in inflows.
Recently launched SOL, XRP and LTC ETFs saw positive flows on Monday, potentially signaling early capital rotation toward altcoins.
U.S.-listed bitcoin ETF assets under management have slipped only about 4% compared with bitcoin’s 25% price drop, highlighting a divergence.
Institutional ownership, ETF absorption, and Strategy's capital access point to a short consolidation instead of a deep drawdown, Bernstein argues.
Harvard University increased its holdings of BlackRock’s iShares Bitcoin Trust (IBIT) by 257% compared to its June position, with a reported 6,813,612 shares valued at $442.9 million as of September 30. The allocation rose from 1,906,000 shares worth about $116 million earlier this year. The same SEC filing revealed that Harvard has doubled down on […]
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The investment, which accounts for 20% of Harvard's reported U.S.-listed public equity holdings, is notable.
Emory University and an Abu Dhabi sovereign wealth fund also added to their spot bitcoin ETF holdings in the third quarter of 2025.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The outflows on Thursday coincided with a broader crypto market sell-off, with BTC falling below $97,000 as of 2:30 a.m. ET Friday.
21Shares launched two crypto index ETFs, providing investors with exposure to Bitcoin, Solana, Ethereum and Dogecoin.
The managers of the Georgia university's endowment are showing an inclination towards hard assets, opening a sizable position in a gold ETF as well.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Since their 2024 debut, the Bitcoin ETFs have attracted total net inflows of $61 billion, with cumulative trading volume near $1.5 trillion.
After two weeks of heavy redemptions, U.S.-listed spot Bitcoin ETFs turned positive again, led by Fidelity and Ark, even as global fund flows remain uneven.
The negative sentiment was driven by post-liquidity cascade volatility and uncertainty over a U.S. rate cut, James Butterfill said.
Bitcoin ETF outflows show institutions are trimming risk, not abandoning crypto, as trading stays off-chain and liquidity begins to improve.
Meanwhile, the recently-launched U.S. spot Solana ETFs have logged their ninth straight trading day of net positive inflows.
U.S. bitcoin ETFs record $240 million in inflows as market sentiment faces pressure from the ongoing government shutdown.
Thursday's inflows brought an end to a six-day streak of outflows, during which a total of $2.05 billion exited the ETFs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
However, one analyst said the bullish structure for the crypto market still stands despite the largely negative sentiment.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Investors interpreted Fed Chair Powell's remarks on the likelihood of December rate cuts as hawkish, Head of Research James Butterfill said.