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Bitcoin ETFs recorded a fifth consecutive day of significant outflows.
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BlackRock’s IBIT experienced its largest redemptions since launch.
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Bitcoin faces further downside risk as selling pressure mounts.
Exchange-traded Bitcoin funds posted another day of notable withdrawals on November 18, marking the fifth straight session of outflows.
The ETFs registered a total net outflow of $372.8 million, continuing a trend that began on November 12 and has since withdrawn billions from major issuers.
Outflows that day were driven largely by BlackRock’s iShares Bitcoin Trust (IBIT), which saw $523.2 million in redemptions — the largest single-day decline since its January 2024 launch.
Small inflows into EZBC and BTC were insufficient to offset broader investor selling.
| Date | IBIT | FBTC | BITB | ARKB | BTCO | EZBC | BRRR | HODL | BTCW | GBTC | BTC | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 November 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 November 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 November 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 November 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 November 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) |
Recent sessions show a similar weak pattern — $254.6 million exited on November 17, $492.1 million on November 14, $866.7 million on November 13, and $278.1 million on November 12.
These sustained withdrawals reflect cooling institutional demand despite occasional inflows to certain funds.
IBIT under the greatest pressure
According to SoSoValue data, IBIT’s $523.15 million outflow on Tuesday surpassed the previous single-day record of $463 million set on November 14.
The ETF has now recorded five straight days of net outflows, totaling $1.43 billion.
With $72.76 billion in net assets, IBIT remains the world’s largest spot Bitcoin ETF.
However, flows have trended negative since late October, accumulating four consecutive weeks of outflows totaling $2.19 billion.
Across the spot ETF sector, Bitcoin funds have suffered over $3 billion in outflows in November so far, with IBIT alone accounting for nearly $2 billion of that amount.
The withdrawals have coincided with a correction in Bitcoin’s price, which fell below $90,000 earlier this week from an all-time high of $126,080 in early October.
Bitcoin most recently traded at $91,849, up 1.6% over the past 24 hours.
Bitcoin price tests key support
Bitcoin remains close to the critical $90,000 support level as of Wednesday.
A daily close below that threshold could open the door to further declines, especially as institutional outflows reinforce bearish sentiment.
Pressure has been amplified by data showing ongoing selling across multiple investor cohorts.
A K33 Research report published Tuesday noted that long-term holders have been trimming positions for months while ETF investors accelerated selling in recent weeks.
K33 highlighted that the recent market structure for Bitcoin resembles earlier, more severe drawdowns.
In March 2024 the token fell 33.57% from its peak, while a sell-off tied to tariffs earlier in the year caused a 31.95% decline. A similar correction today would place Bitcoin in the $84,000–$86,000 range.
Analysts at K33 also warned that a revival of leverage in the derivatives market could act as a catalyst pushing prices toward, or even below, those levels.