- Weekly Bitcoin spot ETF activity showed $1.22B in outflows, with IBIT driving most redemptions while market sentiment continued shifting through November trading.
- Grayscale’s Mini Trust and BTCO attracted fresh inflows during the week, signaling investor rotation toward lower-fee or alternative Bitcoin ETF products.
- Total Bitcoin ETF assets reached $110.11B, accounting for 6.53% of Bitcoin’s market share, supported by cumulative historical inflows of $57.64B.
Bitcoin spot ETFs recorded another week of withdrawals as U.S. trading from November 17 to November 21 (ET) closed with continued selling pressure across major issuers. Weekly activity showed steady redemptions, shifting demand, and diverging performance among the leading funds.
Ongoing Outflows Across Major Funds
Bitcoin spot ETFs posted $1.22 billion in net outflows for the week, marking the fourth straight week of redemptions, according to data cited by Wu Blockchain. Withdrawal activity reflected persistent risk-off behavior as Bitcoin struggled to maintain recent price levels.
Red bars dominated the weekly chart from late 2024 through November 2025, aligning with reduced net assets across the period.BlackRock’s IBIT recorded the largest weekly withdrawal, with $1.09 billion leaving the product.
Its historical cumulative inflow remains sizable at $62.7 billion, yet the recent trend shows consistent liquidity exiting the fund. Grayscale’s GBTC followed with a weekly outflow of $172 million, and its historical cumulative outflow reached $25.03 billion.
The broader ETF landscape shifted phases in flow behavior from early 2024 accumulation to late 2025 distribution. The chart showed strong inflows during early 2024, followed by flattening flows in mid-2024 and heavier outflows during 2025.
Select Products See Continued Demand
Despite broad selling, two Bitcoin spot ETFs reported inflows during the same period. The Grayscale Bitcoin Mini Trust (BTC) recorded $274 million in weekly inflows, bringing its historical total to $1.951 billion.
Lower fees and product structure continued attracting investors shifting away from older funds.Invesco and Galaxy Digital’s BTCO also posted an inflow, recording $35.8 million for the week.
Its historical cumulative inflow reached $209 million, reinforcing gradual growth in its market share. These products offered alternative entry points during a week when the largest funds faced sustained redemptions.
Market watchers noted that inflows into BTC and BTCO partially offset outflows from larger issuers. The rotation illustrated changing investor preferences during a period of elevated market caution.
Market Share and Asset Levels
Total net asset value for Bitcoin spot ETFs stood at $110.11 billion as the week ended. The ETF market share reached 6.53% of Bitcoin’s total market capitalization, reflecting a sizable portion of circulating supply held through regulated products.
Historical cumulative net inflows across all issuers totaled $57.64 billion.Wu Blockchain contextualized the shifting multi-year trend, referencing accumulation in early 2024 and sustained outflows throughout 2025.
Even with November’s withdrawals, the collective holdings of Bitcoin spot ETFs remained large by historical standards.
