Key Highlights
- Investors pulled $869M from Bitcoin ETFs as Bitcoin slipped below $100K, showing growing caution despite strong long-term inflows.
- BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale funds led single-day outflows, yet overall ETF assets remain healthy at $130B.
- New crypto ETFs, including XRP and multi-coin products, gain traction, offering more options for investors amid Bitcoin’s price pressure.
On November 13, investors pulled about $869 million from the U.S. Bitcoin ETFs, marking a sharp change in market sentiment, according to Sosovalue. The big withdrawal, second largest in history, shows that investors are growing cautious as Bitcoin’s price falls below $100,000 for the first time since June.
BlackRock’s IBIT was the biggest and most actively traded fund, but it saw one of the largest single-day outflows at about $256 million. Fidelity’s FBTC followed a similar pattern, losing $120 million. Grayscale’s products also faced notable withdrawals, with GBTC down $64 million and BTC around $318 million.
Still, long-term net inflows remain positive for top issuers, with IBIT holding $64.25 billion cumulatively and Fidelity at $11.92 billion. Other funds, like Ark and 21Shares’ ARKB and Bitwise’s BITB, continued steady but smaller contributions.
Even with the outflow, Bitcoin ETFs have attracted a total of $59.34 billion since they launched in January 2024. The combined value of all these funds stands at $130.54 billion, about 6.7% of Bitcoin’s total market capitalization.
ETF flows mirror Bitcoin’s price moves
Sosovalue’s flow chart shows highly volatile capital movements across Bitcoin ETFs throughout 2025. Between May and July, inflows were strong, often topping $1 billion a day, showing high interest from institutions. ETF values grew while Bitcoin’s price moved alongside them.
But starting in late August, the pattern changed. By November 13, daily outflows nearly hit $1 billion, one of the biggest drops in months. As a result, ETF assets fell from around $160 billion to $130 billion, and Bitcoin’s price slid toward $98,000.
Analyst Crypto Rover pointed out that the current Bitcoin cycle is growing more slowly compared to past cycles. His chart shows that after previous lows—especially in 2015-2018 and 2018-2022—prices climbed faster. The red-shaded area marks a typical post-peak correction, a period when the market usually cools and prices pull back.
At the time of publishing, Bitcoin was trading near $99,207, down 5.44% in the past 24 hours. It has a 24 hour trading volume of $114.38 billion and its market capitalization currently stands at $1.94 trillion, as per CoinMarketCap data.
New crypto ETFs gain momentum
Despite Bitcoin ETFs’ pullback, new products like XRP and multi-coin ETFs are drawing attention. Canary’s XRP ETF, XRPC, exceeded Bloomberg’s full-day trading volume estimate within 30 minutes, reaching $26 million against a $17 million target. Bloomberg analyst Eric Balchunas noted that the fund could surpass Bitwise’s Solana Staking ETF as the largest debut of the year.
Swiss-based 21Shares launched the FTSE Crypto 10 Index ETF (TTOP.P) and FTSE Crypto 10 ex-BTC Index ETF (TXBC.P), offering exposure to multiple cryptocurrencies. Duncan Moir of 21Shares emphasized the regulatory benefits of ’40 Act funds and noted that multi-coin ETFs are likely favored by professionals and advisers due to uncertain long-term winners in crypto. The ETFs entered a volatile market, but Moir expects gradual adoption by institutional investors.
Meanwhile, recently Canary Capital filed a proposed “Canary MOG ETF,” a spot ETF tracking the memecoin MOG Coin. The fund will hold MOG directly, with minimal ETH for transaction fees. This is the first U.S. attempt to offer a memecoin via a regulated ETF, signaling growing diversification in crypto investment products.
Also Read: Bitcoin Price Drops Below $98K Amid Heavy Long-Term Holder Selling
