- Bitcoin ETFs saw net outflows of 2,300 BTC ($235M)
- Ethereum ETFs lost 54,389 ETH ($187M) in net flow
- Fidelity and BlackRock led the outflows with large sell-offs
ETFs Bleed Bitcoin and Ethereum in Major Nov 13 Outflows
The Bitcoin and Ethereum ETF markets saw a sharp reversal on November 13, as investors pulled significant capital from the leading crypto investment vehicles. Data shows that Bitcoin ETFs recorded net outflows of 2,300 BTC , totaling an estimated $235.22 million, while Ethereum ETFs saw even greater pressure, losing 54,389 ETH , or about $187.1 million in value.
The numbers reflect a cautious turn in market sentiment as investors react to price volatility, macro uncertainty, and potential regulatory shifts. These outflows mark one of the more significant ETF sell-offs in recent months, with institutional players leading the charge.
Fidelity and BlackRock Lead the Sell-Off
Among the major players, Fidelity’s Bitcoin ETF stood out with the largest single-day outflow:
- Fidelity withdrew 1,308 BTC, worth approximately $133.69 million
- Despite the outflow, it still holds a robust 200,746 BTC, valued at $20.53 billion
On the Ethereum side, BlackRock’s ETH ETF took the biggest hit:
- BlackRock pulled 26,610 ETH, equating to $91.54 million
- Its total Ethereum holdings now stand at 3,871,959 ETH, worth $13.32 billion
While these institutions maintain strong crypto exposure, the sizable one-day withdrawals raise questions about short-term positioning and possible profit-taking strategies.
What This Means for the Market
These ETF outflows could be signaling a temporary pause in institutional confidence, potentially due to looming regulatory developments, market corrections, or macroeconomic events such as inflation data or interest rate expectations.
However, such moves are not uncommon in ETF markets and may simply reflect routine portfolio rebalancing. The long-term holdings still maintained by both Fidelity and BlackRock suggest that despite short-term volatility, crypto remains a key component of institutional strategy.
Investors will be watching closely to see whether these outflows continue or reverse in the coming days.
Read Also:
- UFC Partners with Polymarket for Crypto Predictions
- DOGE Collapses, & XRP Falters, While Zero Knowledge Proof (ZKP) Becomes the Next Unexpected Power Player in Crypto!
- Whales Accumulate 45K BTC as Bitcoin Eyes $106K
- Bitcoin and Ethereum ETFs See Major Outflows on Nov 13
- First Spot XRP ETF Launches in the United States
