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Bitcoin ETFs record a fifth consecutive day of heavy outflows.
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BlackRock’s IBIT posts its largest withdrawal since launch.
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Bitcoin faces further downside risk as selling pressure intensifies.
US-listed spot Bitcoin exchange-traded funds experienced another day of notable redemptions on 18 November, marking the fifth straight session of net outflows. Investors pulled a combined $372.8 million from these ETFs, extending a trend that began on 12 November and has removed billions of dollars from leading issuers.
The largest driver of that day’s redemptions was BlackRock’s iShares Bitcoin Trust (IBIT), which reported $523.2 million in net outflows — its biggest single-day withdrawal since the fund’s January 2024 launch. Small inflows into a few products such as EZBC and BTC were insufficient to offset broad investor selling across the sector.
| Date | IBIT | FBTC | BITB | ARKB | BTCO | EZBC | BRRR | HODL | BTCW | GBTC | BTC | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 Nov 2025 | (523.2) | 0.0 | 0.0 | 0.0 | 0.0 | 10.8 | 0.0 | 0.0 | 0.0 | 0.0 | 139.6 | (372.8) |
| 17 Nov 2025 | (145.6) | (12.0) | (9.5) | (29.7) | 0.0 | 0.0 | 0.0 | (23.3) | 0.0 | (34.5) | 0.0 | (254.6) |
| 14 Nov 2025 | (463.1) | (2.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (6.0) | (25.1) | (492.1) |
| 13 Nov 2025 | (256.6) | (119.9) | (47.0) | (15.7) | (30.8) | (5.7) | 0.0 | (8.3) | 0.0 | (64.5) | (318.2) | (866.7) |
| 12 Nov 2025 | (36.9) | (132.9) | 0.0 | (85.2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (23.1) | 0.0 | (278.1) |
Earlier sessions displayed a similar pattern: $254.6 million exited on 17 November, $492.1 million on 14 November, $866.7 million on 13 November, and $278.1 million on 12 November. These sustained withdrawals indicate cooling institutional demand despite occasional, isolated inflows into a few funds.
IBIT faces heaviest pressure
Data from SoSoValue shows IBIT’s $523.15 million outflow on 18 November eclipsed its prior single-day record of $463 million on 14 November. The fund has now recorded five consecutive days of net outflows, totaling roughly $1.43 billion over that period.
IBIT remains the largest spot Bitcoin ETF by assets under management, holding about $72.76 billion in net assets, but it has been on a negative flow trajectory since late October. Over the past four weeks it has accumulated approximately $2.19 billion in outflows.
Across the sector, spot Bitcoin ETFs have seen more than $3 billion in net outflows so far in November, with IBIT responsible for nearly $2 billion of the total. Those withdrawals have coincided with a pullback in Bitcoin’s price, which dropped below $90,000 earlier this week after peaking at $126,080 in early October.
At the time of reporting, Bitcoin was trading near $91,849, up about 1.6% over the previous 24 hours.
Bitcoin price tests crucial support
Bitcoin remains close to the $90,000 support level. A daily close beneath that mark could increase the likelihood of further declines as institutional outflows reinforce bearish sentiment.
Market pressure has been magnified by evidence of persistent selling across multiple investor groups. A K33 Research note released Tuesday observed that long-term holders have been trimming positions for months, while ETF investors have accelerated their sell-offs in recent weeks. K33 warned that the current market structure resembles prior significant drawdowns.
Historical comparisons show notable corrections in 2024: a March drawdown saw a 33.57% decline from peak, and an earlier tariff-driven sell-off produced a 31.95% fall. A comparable correction today could push Bitcoin into the mid-$80,000s range, roughly between $84,000 and $86,000.
Analysts also cautioned that a return of leverage in derivatives markets could act as a catalyst, potentially driving prices toward — or below — those levels.