{"id":91024,"date":"2025-11-14T11:43:01","date_gmt":"2025-11-14T08:43:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91024"},"modified":"2025-11-14T11:46:55","modified_gmt":"2025-11-14T08:46:55","slug":"spot-bitcoin-etfs-post-870m-in-second-biggest-outflow","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/spot-bitcoin-etfs-post-870m-in-second-biggest-outflow\/","title":{"rendered":"Spot bitcoin ETFs post $870m in second-biggest outflow"},"content":{"rendered":"

By the end of the 13 November session, $869.9m was pulled from exchange-traded funds<\/a> based on the first cryptocurrency. It was the second-largest outflow since the products launched.\u00a0<\/p>\n

\"image\"
Flows into and out of spot bitcoin ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

The worst showing came from BTC by Grayscale, which lost $318m. IBIT by Grayscale, FBTC by Fidelity and GBTC by Grayscale shed $256m, $119m and $64m, respectively.\u00a0<\/p>\n

The previous low point was recorded on 25 February, when aggregate daily outflows exceeded $1bn.\u00a0<\/p>\n

Assets under management fell back below $60bn, to $59.4bn.\u00a0<\/p>\n

Kronos Research CIO Vincent Liu attributed the heavy withdrawals to a shift in strategy amid macroeconomic uncertainty. Investors, he said, are rotating towards less risky assets.\u00a0<\/p>\n

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\u201cThis puts pressure on short-term dynamics but does not undermine structural demand,\u201d he added in a comment to <\/em>The Block<\/em><\/a>.\u00a0<\/em><\/p>\n<\/blockquote>\n

The record outflow coincided with a drop<\/a> in the price of the first cryptocurrency below $100,000. At the time of writing bitcoin trades around $97,600, according to TradingView<\/a>.\u00a0<\/p>\n

Altcoin ETFs\u00a0<\/h2>\n

ETFs focused on the second-largest cryptocurrency saw $259.7m of outflows.<\/p>\n

\"image\"
Flows into and out of spot Ethereum ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

The weakest were ETHA by BlackRock (-$137m), ETHE (-$67m) and ETH by Grayscale (-$35m).\u00a0<\/p>\n

Launched in late October, Solana<\/a> ETFs again bucked<\/a> the broader trend and posted a small inflow. Investments totalled $1.4m.<\/p>\n

\"image\"
Flows into and out of spot Solana ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

Cumulative inflows have exceeded $370m.\u00a0<\/p>\n

Also on 13 November, trading began<\/a> on Nasdaq for a spot ETF based on XRP<\/a> under the ticker XRPC. The product was launched by Canary Capital.<\/p>\n

Turnover reached $58m \u2014 the best first-day result among all ETFs launched this year, noted Bloomberg analyst Eric Balchunas. It beat expectations; the expert had forecast around $17m.\u00a0<\/p>\n

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Congrats to $XRPC<\/a> for $58m in Day One volume, the most of any ETF launched this year (out of 900), BARELY edging out $BSOL<\/a>‘s $57m. The two of them are in league of own tho as 3rd place is over $20m away. pic.twitter.com\/MjsOeceeNb<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) November 13, 2025<\/a><\/p><\/blockquote>\n