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Bitcoin ETFs See Massive $903M Outflow as Redemptions Hit Second-Largest in History

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Source: ETHNews Original Title: Bitcoin ETFs See Massive $903M Outflow as Redemptions Hit Second-Largest in History Original Link: November 20 delivered one of the harshest ETF flow events Bitcoin has ever seen. According to SoSoValue data, Bitcoin spot ETFs recorded a net outflow of $903 million, the second-largest daily outflow in history. The selling pressure landed directly in the middle of an already fragile market environment, with Bitcoin trading around $86,462 on the day.

The redemptions were broad and severe:

  • BlackRock’s IBIT: --$355.5M
  • Fidelity’s FBTC: --$190.37M
  • Grayscale’s GBTC: --$199.35M
  • Ark 21Shares’ ARKB: --$94.42M

Most issuers saw heavy outflows, highlighting a synchronized retreat among major ETF holders.

Ethereum ETFs Extend Their Losing Streak

Ethereum spot ETFs were also under pressure, logging $262 million in net outflows. This marks eight consecutive days of redemptions, underscoring how deeply the correction has hit ETH-related products.

Solana Is the Lone Exception

While Bitcoin and Ethereum ETFs bled capital, Solana spot ETFs recorded a net inflow of $23.6 million, making SOL the only major digital asset to attract positive ETF demand on November 20. The divergence reflects Solana’s comparatively stronger sentiment over the past two weeks, even as the broader market corrects.

Why This Matters

The $903 million outflow from Bitcoin ETFs is significant not only for its size but for its timing. It comes at a moment when liquidity is thinning, derivatives liquidations remain elevated, and retail-led redemptions have been intensifying across November. The combination has amplified downside volatility, dragging Bitcoin more than 30% off its record highs in just over a month.

Historically, extreme ETF outflow days occur during capitulation phases at the tail end of corrections. Whether this marks exhaustion or signals more selling ahead will depend on how flows behave over the next several sessions.

BTC0.03%
ETH-1.09%
SOL-0.5%
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