Bitcoin investors faced significant market volatility on November 14th with a record-breaking outflow from BlackRock’s Bitcoin exchange-traded fund (ETF). SoSoValue data shows the ETF experiencing a massive withdrawal of $463.10 million, marking the largest single exit in USD terms since Blackrock entered the market. This surge in outflows added further pressure to an already volatile crypto landscape grappling with heightened fear and widespread sell-offs. 🤯 While this is not an isolated incident, other major Bitcoin ETFs have also witnessed sharp outflows – Fidelity’s FBTC faced over $2 million in withdrawals, while Grayscale’s GBTC shed a significant $25.09 million, continuing a period of negative flows. In contrast, only one smaller Grayscale product experienced any inflows, totaling a mere $4.17 million. Additionally, major players like Ark, 21Shares, Bitwise, and VanEck saw no new inflows, signaling a broader liquidity crisis impacting the crypto market.