Bitcoin Spot ETFs See $869M Outflow, Second-Largest on Record
U.S.-listed funds that track bitcoin saw a sharp pullback on Thursday, marking their second-largest daily outflow as investors withdrew roughly $869.86 million across 11 spot ETFs. According to SoSoValue data cited by CoinDesk, this marks a continuation of heavy redemptions, with outflows accelerating over the past three weeks and now totaling $2.64 billion. The trend highlights growing caution among traders as market sentiment cools after recent volatility.
The pressure on ETFs coincided with a notable drop in bitcoin’s price. The leading cryptocurrency fell below the key $100,000 psychological level, slipping to around $97,500 on Friday. Analysts suggest that persistent ETF outflows, combined with shifting risk appetite, are contributing to renewed weakness in the market as investors reassess their positions.
Market snapshot
The single-day outflow coincided with broader risk aversion on Wall Street and continued profit-taking after a strong year-to-date run in digital assets. Bloomberg and Investing.com reported bitcoin trading firmly below $100,000, reflecting macro jitters and tighter financial conditions.
What happened and why it matters
SoSoValue’s ETF dashboard shows a $870M net outflow for U.S. bitcoin spot ETFs on Thursday, the second-largest daily net withdrawal since launch. Over three weeks, investors have pulled ~$2.64B, underscoring a shift toward caution. Ether ETFs registered $259.72M in net redemptions, the biggest daily outflow since Oct. 13.
Price context and sentiment
Bitcoin’s break below $100,000 added to downside momentum and likely fueled more redemptions from short-term holders. Reports on Friday placed bitcoin near $97,500, down ~5% 24h and ~11% month-to-date, as tech-led stock weakness spilled into crypto.
Flows by product and peers
While Thursday’s flows were broadly negative across issuers, the headline figure is notable against a backdrop of record quarterly inflows earlier this year. Recent sessions have featured choppy, rotation-driven activity among the largest funds, amplifying day-to-day volatility in net flows.
Ether ETFs under pressure
Ether products saw $259.72M in outflows the heaviest since Oct. 13 as risk sentiment weakened across majors.
Implications for investors
Sustained outflows can tighten secondary market liquidity and widen spreads in affected ETFs, though the largest U.S. products typically maintain robust creation/redemption capacity. Price elasticity remains high: sharp BTC moves often precede or accompany lumpier ETF flow prints. (Analysis)
Why bitcoin spot ETF outflows matter for price discovery
Spot ETF flow data offer a real-time window into regulated, U.S.-domiciled demand. Large redemptions can prompt authorized participants to unwind inventory, occasionally adding marginal sell pressure to underlying markets, especially during thin liquidity periods.
Context & Analysis
The day’s second-largest outflow on record follows a period of record inflows earlier in Q4, highlighting the pro-cyclical nature of ETF demand. When macro risk appetite fades—due to rate expectations or equity volatility crypto ETFs often see faster outflows than direct holdings as investors rebalance liquid exposures.
Conclusion
Thursday’s $869.86 million ETF outflow highlights the market’s increasingly cautious short-term sentiment. The sharp wave of redemptions reflects how sensitive investors have become to shifting risk conditions, especially after recent volatility and price weakness in bitcoin. For now, traders appear hesitant to add exposure until clearer signals emerge.
If broader market stability returns and bitcoin regains important technical levels, ETF flows may gradually settle and even turn positive again. However, without improved conditions, volatility-aware investors are likely to keep reducing their positions, extending the pattern of defensive behavior seen across spot bitcoin ETFs in recent weeks.
FAQs
Q : What triggered the $869.86M outflow from U.S. bitcoin spot ETFs?
A : Heightened risk aversion and a drop in bitcoin below $100,000 coincided with broad redemptions.
Q : How much has exited bitcoin spot ETFs over the past three weeks?
A : Roughly $2.64 billion.
Q : Were ether ETFs affected?
A : Yes. Ether ETFs saw $259.72M in outflows the highest since Oct. 13.
Q : Are large ETF outflows bearish for bitcoin’s price?
A : They can add marginal sell pressure via AP redemptions, but the effect varies with liquidity and market depth.
Q : How can I track bitcoin spot ETF outflows each day?
A : Use reputable dashboards (e.g., SoSoValue) and cross-check with major news outlets after U.S. market close.
Q : Is this the largest outflow on record?
A : No. It’s the second-largest single-day outflow on record for U.S. bitcoin spot ETFs.
Q : Where is bitcoin trading now?
A : Reports on Friday showed prices near $97,500 after breaching $100,000.
Facts
Event
Second-largest daily outflow from U.S. bitcoin spot ETFsDate/Time
2025-11-14T11:30:00+05:00Entities
Bitcoin (BTC); U.S.-listed spot bitcoin ETFs; SoSoValue (data); CoinDesk (reporting); ether ETFsFigures
$869.86M daily outflow (BTC ETFs); $2.64B three-week outflow; $259.72M daily outflow (ETH ETFs); BTC near $97,500 (<$100k)Quotes
“The 11 U.S.-listed spot bitcoin ETFs collectively bled $869.86 million Thursday, registering their second-highest outflow on record.” CoinDesk (citing SoSoValue) CoinDeskSources
CoinDesk (article + SoSoValue data) CoinDesk; SoSoValue ETF dashboard (BTC/ETH) SoSoValue+1