"A surge of redemptions hit U.S.-listed spot Bitcoin ( ) exchange-traded funds in November 2025. According to on-chain analytics and fund data, investors pulled $3.79 billion from the 11 U.S. spot Bitcoin ETFs over the month, surpassing the previous record of $3.56 billion set in February. The loss was striking given that BTC had set new all-time highs above $126,000 just two months earlier. By late November the price tumbled more than 33% to around $84,000, punishing those who bought during the summer rally."
"The monthly outflow was concentrated in a handful of funds . BlackRock's iShares Bitcoin Trust pulled $2.47 billion, while Fidelity's Wise Origin Bitcoin Fund shed $1.09 billion. Together, they accounted for 91% of November's redemptions. At the same time, Bitcoin's open interest on derivatives exchanges fell 35% from October highs as traders cut leverage, showing investors weren't rotating into futures-they were leaving the market altogether."
U.S.-listed spot Bitcoin exchange-traded funds experienced $3.79 billion in net outflows during November 2025, exceeding the prior record. Bitcoin had reached all-time highs above $126,000 two months earlier before falling more than 33% to about $84,000 by late November. November 20 alone produced $903 million of net outflows. BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund accounted for $2.47 billion and $1.09 billion of withdrawals, respectively, representing 91% of the month's redemptions. Bitcoin open interest on derivatives fell 35% from October highs, while major altcoins dropped 20%–35% and 24-hour liquidations topped $2 billion.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]