BlackRock's Bitcoin ETF Sheds Record $463M as Crypto Funds See Worst Week Since February

BlackRock’s Bitcoin ETF, IBIT, experienced a record outflow of $463 million on November 14, contributing to a total of $2 billion in outflows from global cryptocurrency exchange-traded products (ETPs) last week. This marked the largest weekly withdrawal since February, primarily driven by risk-off sentiments amid economic uncertainties. Roughly 97% of the outflows originated from U.S. funds, while Germany saw modest inflows of $13.2 million as investors considered the price decline an opportunity to buy. The digital asset ETP market's assets have fallen from $264 billion to $191 billion over the past few weeks, with three consecutive weeks of outflows totaling $3.2 billion. Analysts suggest that ETF flows are closely tied to macroeconomic conditions and that future outflows depend on upcoming economic data and market dynamics. Amid these turbulent conditions, while established Bitcoin and Ethereum funds saw significant losses, a new XRP ETF set a 2025 record for daily net inflows, demonstrating contrasting trends within the digital asset landscape.

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