Bitcoin ETFs See Major Outflows, $903 Million Depletion Marks Historic Second-Largest Day

November 20th witnessed one of the largest outflows from Bitcoin exchange-traded funds (ETFs), reaching a staggering $903 million. This figure represents the second-highest daily outflow in history, occurring at a time when market sentiment is already fragile. The selling pressure on Bitcoin ETFs was broad, with major issuers like BlackRock’s IBIT, Fidelity’s FBTC, Grayscale’s GBTC, and Ark 21Shares’ ARKB all experiencing significant redemptions. These outflows highlight a synchronized pullback among key ETF holders, amplifying the already prevalent correction in the market.