- Bitcoin ETFs saw a massive $903M outflow, signaling investors are taking profits and acting cautiously.
- Ethereum ETFs pulled out money for eight days straight, highlighting broader crypto market worries.
- Solana ETFs had small inflows, showing some selective investor interest despite overall market caution.
On November 20, 2025, there was a significant net outflow of $903 million from Bitcoin exchange-traded funds (ETFs), Wu Blockchain reports. Following the pattern, Ethereum spot ETFs saw net outflows of $262 million for eight days in a row.
Solana ETFs, meanwhile, experienced a slight $23.66 million inflow. This abrupt capital rotation highlights the instability of the cryptocurrency market and shows growing investor apprehension. During this notable outflow, Bitcoin traded at $86,462.97, showing both market movements and pressure from ETF withdrawals.
Historical data from Sososvalue data shows Bitcoin ETFs started 2024 with strong inflows. Daily net inflows often exceeded $500 million, with the largest single-day inflow approaching $1 billion. Consequently, Bitcoin’s price climbed steadily from $40,000 to over $70,000. This early-year momentum underscored high retail and institutional demand, pushing total net assets in ETFs to grow steadily.
Flow Patterns Reflect Shifting Sentiment
In mid-2024, there was a mixed trend of money coming in and going out of Bitcoin ETFs on different days. The entire value of ETFs increased even while the price of bitcoin remained between $60,000 and $70,000.
By the end of 2024, things had drastically changed. Within $500 million in outflows were noted within a few days. The largest withdrawal in November coincided with a decline in the price of Bitcoin, indicating a decline in investor confidence. Sentiment changed from positive to cautious as a result.
ETF flows remained erratic in 2025, alternating between inflows and outflows. In the middle of the year, Bitcoin rose past $100,000, but price corrections soon followed. As a result of both price declines and investor withdrawals, total ETF assets reached a peak of about $160 billion before gradually declining to $113.02 billion.
October and November 2025 showed repeated major outflows, evident as red bars on the chart. These outflows came as Bitcoin’s price was also plummeting, creating a cycle where declining prices fuelled further withdrawals, which in turn put more pressure on the market.
