Bitcoin ETFs See $903 Million Exodus: Institutional Investors Reassess Risk Amidst Market Volatility

Institutional investors are shifting away from Bitcoin and Ethereum exchange-traded funds (ETFs) amid rising market uncertainty. A net outflow of nearly $903 million was recorded on November 20, marking the second-largest single-day exodus since their launch in January 2024. Factors fueling this trend include profit-taking from institutional investors and deteriorating technical indicators, leading to a significant drop in Bitcoin prices, which fell below $88,000 before stabilizing at $85,400. Ethereum ETFs also experienced outflows, with nearly $262 million recorded. 21Shares, Ark Invest, and Bitwise all saw significant withdrawals, signaling a broader flight from crypto assets.