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Bitcoin ETFs Have Bled a Record $3.79B in November
U.S.-listed spot BTC and ETH ETFs see record outflows.
Updated Nov 21, 2025, 2:28 p.m. Published Nov 21, 2025, 7:43 a.m.
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What to know:
- U.S.-listed spot BTC and ETH ETFs see record outflows.
- ETFs tied to SOL and XRP see strong uptake amid a market meltdown.
The 11 spot bitcoin exchange-traded funds (ETFs) listed in the U.S. have collectively registered outflows totaling $3.79 billion, marking the largest on record and surpassing the previous peak outflow of $3.56 billion in February.
BlackRock's bitcoin ETF, IBIT, the world's largest publicly-listed fund, has seen redemptions exceeding $2 billion this month, according to data source SoSoValue.
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On Thursday alone, these funds experienced outflows of over $900 million, the second-largest single-day withdrawal since these funds debuted in January 2024.
Ether ETFs have also faced record outflows, totaling $1.79 billion.
These figures reflect growing investor aversion toward the top two cryptocurrencies by market value. Meanwhile, recently debuted Solana and XRP ETFs have seen net inflows of $300.46 million and $410 million, respectively.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
