Investors have taken a startling $5.3 billion total from Bitcoin and Ethereum spot products thus far this month, so November has become a nightmare for crypto ETFs. Bearing the brunt, Bitcoin ETFs have lost approximately $3.79 billion, which includes a merciless $900 million single-day outflow on November 20 alone—one of the worst withdrawal days since the goods debuted in early 2024. Long the poster child for institutional adoption, BlackRock's flagship iShares Bitcoin Trust (IBIT) has sustained the worst gushing, with over $2 billion in redemptions—including one solitary $523 million punch.
On a relative basis, Ethereum ETFs are performing much worse as nearly $1 billion vanished in the last week alone, and more than $1.5 billionwas left in November. With outflows of $421 million, BlackRock's ETHA led the exodus, closely followed by Fidelity's FETH at $109 million. The ongoing selling has cut total assets under management throughout Ethereum ETFs and severely damaged investor mood, exactly the moment the market appeared weak.
What first started as structural, “buy-the-dip” institutional demand has turned into forceful profit-taking and risk115 reducing. Confirming that the once-unstoppable ETF bid is now a minor seller—a brutal warning that the institutional honeymoon with crypto may be fast cooling—these record outflows are putting serious downward pressure on BTC and ETH values.
