Bitcoin ETFs Just Had One of Their Worst Weeks on Record, Bleeding $1.2 Billion

Spot Bitcoin exchange-traded funds shed astir $1.2 cardinal successful assets for the week, the third-highest full successful the funds' 22-month history, contempt regaining crushed connected Friday.

November outflows from the 11 funds, which reached a monthly grounds $3.79 cardinal connected Thursday, hovered astatine astir the aforesaid full arsenic the erstwhile all-time high—set this February—after Friday's rally, according to information from U.K. plus manager Farside Investors. On Thursday, the ETFs recorded their 2nd highest regular outflows, much than $900 million.

The caller outflows, a uncommon misstep for the dramatically palmy products, person dovetailed with a six-week slump successful Bitcoin's price. The largest cryptocurrency by marketplace capitalization plunged to $81,000 aboriginal Friday, its lowest people since aboriginal April.

Bitcoin is down astir 33% since hitting an all-time precocious supra $126,000 successful aboriginal October, stung by macroeconomic unrest, including astir recently, the decreasing prospects of the U.S. cardinal slope approving a 3rd 2025 involvement complaint cut, and concerns astir an overheated artificial quality market.

BlackRock's iShares Bitcoin Trust (IBIT) led this week's hemorrhaging much than $1 cardinal successful outflows, portion redemptions from the Grayscale Bitcoin Trust (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC) totaled astir $172 cardinal and $116 million, respectively.

On Friday, FBTC added $108 cardinal successful investments, the champion successful the category, portion the Grayscale Bitcoin Mini Trust ETF (BTC) and GBTC generated $61.5 cardinal and $84.9 cardinal successful assets.

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The caller outflows person travel arsenic a flurry of Solana, XRP and Dogecoin ETFs person started trading implicit the past month, with further XRP and Dogecoin products to database adjacent week. The Canary Capital XRP ETF (XRPC) generated $58 cardinal successful regular nett investments, the astir among opening-day totals for each ETFs successful 2025, topping the Bitwise Solana Staking ETF's (BSOL) $57 cardinal successful its debut, according to Bloomberg data.

BSOL has accumulated much than $660 cardinal successful assets successful its three-week history, and has yet to grounds a azygous time of outflows. The occurrence of these funds has reflected investors' beardown appetite for integer asset-based concern products. The U.S. Securities and Exchange Commission is presently weighing dozens of applications for funds tracking idiosyncratic altcoins, combinations of tokens, and crypto strategies.

In a Friday X post, Bloomberg Senior ETF Analyst Eric Balchunas optimistically noted Bitcoin's humanities resilience.