Bitcoin Updates: Billions Flow Out of Bitcoin ETFs While Stablecoins Strengthen as Core of Finance
- BlackRock's IBIT Bitcoin ETF recorded a record $523M outflow, pushing November's total U.S. spot Bitcoin ETF redemptions to $2.96B amid Bitcoin's 30% price drop. - Analysts link the exodus to weak fundamentals and macroeconomic uncertainty, with ETF outflows and long-term holder sales tightening liquidity and eroding investor confidence. - BlackRock filed for an Ethereum staking ETF as stablecoins surge in cross-border finance, processing $9T in 2025 payments while Bitcoin ETFs face sustained outflows an
BlackRock's
The heavy outflows have intensified Bitcoin’s challenges, with the cryptocurrency recently falling below a key price threshold, leaving ETF investors collectively at a loss. Experts point to a mix of weak market conditions and broader economic uncertainty as the main drivers behind the withdrawals. "
Even with the ongoing sell-off, some major institutions remain optimistic.
BlackRock’s recent focus on
At the same time, the conversation around digital assets is shifting. While Bitcoin’s price swings have hurt its appeal for global payments,
Experts remain split on Bitcoin’s short-term outlook. Some, like Geoff Kendrick from Standard Chartered, believe that
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