Investor anxiety over economic uncertainty triggered a sharp pullback in Bitcoin ETFs this week, driving the second-largest single-day outflow on record.
Key Takeaways
- U.S. spot Bitcoin ETFs saw $870 million in outflows on Nov. 13, the second-highest daily withdrawal ever.
- Grayscale, BlackRock, and Fidelity led the exodus, reflecting widespread de-risking in crypto markets.
- Bitcoin dropped below $98,000, continuing a multi-day slide that began after a flash crash in October.
- Altcoin ETFs showed resilience, with Solana, Litecoin, and HBAR funds attracting fresh capital despite the downturn.
What Happened?
Bitcoin ETFs in the U.S. suffered $869.9 million in outflows on Thursday, Nov. 13, as investors pulled back from risk assets amid macroeconomic concerns. The outflows marked the second-worst single-day exit for Bitcoin ETFs, only behind the $1.14 billion withdrawn on February 25, 2025. As a result, Bitcoin prices slid below $98,000, a level not seen since early May.
$BTC has declined more than 24% from its all-time high of over $126K in October.
— Yahoo Finance (@YahooFinance) November 14, 2025
Bitcoin ETFs saw outflows of $870 million on Thursday, the second-largest daily withdrawal since their debut, according to Bloomberg. pic.twitter.com/TaZj5VAgsD
Bitcoin ETF Outflows Accelerate
Investor sentiment toward crypto exposure has taken a hit in recent weeks, culminating in a significant outflow from major Bitcoin ETFs. Data from SoSoValue reveals that 12 U.S.-listed spot Bitcoin ETFs have lost over $3.43 billion since October 10, with net redemptions occurring on 16 of the last 25 trading days.
The largest outflows recorded on Nov. 13 include:
- Grayscale Bitcoin Mini Trust (BTC): $318.2 million
- BlackRock’s IBIT: $256.6 million
- Fidelity’s FBTC: $119.9 million
- Grayscale’s GBTC: $64.5 million
- Bitwise’s BITB: $47 million
- Invesco’s ETF: $30.8 million
Other ETF providers such as Ark and 21Shares, Valkyrie, VanEck, and Franklin Templeton also posted notable redemptions, contributing to the historic drawdown.
Macro Uncertainty and Market Sentiment
Analysts believe that macroeconomic uncertainty and a shift to safer assets have driven the withdrawals. Vincent Liu, Chief Investment Officer at Kronos Research, described the outflows as part of a “risk-off reset” triggered by broader market volatility. He noted that while short-term momentum is under pressure, the long-term structural demand for Bitcoin remains intact.
Min Jung, a research associate at Presto Research, said investors are de-risking across multiple asset classes due to concerns over the Federal Reserve’s policy path. “Investors are pulling capital from higher-beta assets and rotating into safety,” Jung stated.
Bitcoin Price Drops and Support Levels
Bitcoin’s price fell to $97,184, representing a 6.34% drop in the last 24 hours, according to CoinGecko. Liu said the decline reflects a “liquidity let-down” as liquidations hit an illiquid market. Analysts identified a buy zone between $92,000 and $95,000, where new inflows may begin to stabilize prices.
Justin d’Anethan, head of research at Arctic Digital, called the $92,000 level a critical support. He believes that if Bitcoin dips further, long-term investors may view it as a fresh entry point, especially those who missed the surge past $120,000 earlier this year.
Altcoin ETFs Defy the Trend
In contrast to Bitcoin and Ethereum ETFs, new altcoin ETFs launched on Oct. 28 have continued to attract inflows:
- Bitwise and Grayscale Solana ETFs have seen daily net inflows since launch, totaling $370 million.
- Litecoin and HBAR ETFs managed by Canary attracted $5.2 million and $76.4 million, respectively.
This divergence suggests that while traditional crypto assets are under pressure, investor appetite for alternative digital assets remains intact.
CoinLaw’s Takeaway
In my experience, when we see this kind of synchronized retreat across major Bitcoin ETFs, it’s not just market noise, it’s a real shift in investor psychology. The data speaks loud and clear. Institutions are not dumping crypto entirely, but they are pausing and repositioning. I found it particularly interesting that altcoin ETFs are actually gaining ground right now, suggesting some investors are betting on what’s next while the giants take a breather. Keep your eyes on support levels. A bounce from $92,000 to $95,000 could be more than technical. It could mark the return of confidence.
