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U.S. spot Bitcoin ETFs endured a brutal exodus on November 13, 2025, with net outflows totaling $869.9 million—the second-largest single-day withdrawal since their January launch—exacerbating a market rout that plunged BTC below $97,000 for the first time in months. Data from SoSoValue, cited across reports, underscores investor jitters amid sticky inflation and a U.S. government shutdown, marking the 16th outflow day in 25 sessions since October 10.
Grayscale’s Bitcoin Mini Trust (BTC) bore the brunt, hemorrhaging $318.2 million, followed by BlackRock’s iShares Bitcoin Trust (IBIT) at $256.6 million and Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $119.9 million. ARK 21Shares, Bitwise, VanEck, Invesco, Valkyrie, and Franklin Templeton funds also posted redemptions, while Grayscale’s flagship GBTC added to the tally. This cascade aligns with $1.10 billion in crypto liquidations over 24 hours, Bitcoin’s 6.4% drop to $96,956, and a 20% retreat from October’s $126,000 peak.
The hemorrhage caps $3.43 billion in net outflows since mid-October, dwarfed only by February 25’s $1.14 billion record amid early-year volatility. Ethereum spot ETFs mirrored the pain with $259.7 million outflows—their fifth-worst day—pushing ETH below $3,400, while Solana ETFs bucked the trend with $1.49 million inflows.
Analysts chalk it up to macro headwinds: September’s core CPI at 3.3%—above the Fed’s 2% target—delayed rate-cut bets to late 2026, while the shutdown blacks out key data, eroding liquidity. Kronos Research CIO Vincent Liu views it as a “risk-off reset,” with institutions de-risking amid noise, not abandoning long-term demand. CryptoQuant notes short-term holders driving sells, but long-term accumulation persists, with support at $95.9K, $82K, and $66.9K.
X erupted with dread: “ETFs bleeding $870M—BTC’s sub-$100K era begins?” one trader lamented, amassing 2K likes. Yet, bulls eye rebounds: J.P. Morgan forecasts $114K by November’s end if inflows rebound above $1B weekly. For ETFs—holding $120B in BTC—this dip tests resilience, but history shows outflows often precede bottoms. As Trump’s pro-crypto policies loom, is this capitulation or consolidation?
