Recent data shows a concerning trend in the cryptocurrency investment space, with US spot Bitcoin ETFs experiencing a massive $363 million net outflow on November 18th. This marks the fifth consecutive day of withdrawals, raising questions about institutional confidence in these investment vehicles during current market conditions. The outflow pattern indicates significant movement away from major Bitcoin ETFs, particularly BlackRock’s IBIT, which saw a staggering $513 million single-day withdrawal. This substantial movement is one of the largest single-day outflows since these Bitcoin ETFs launched, indicating potential institutional repositioning. Despite this exodus, some balance was found with Grayscale’s GBTC providing a $139 million net inflow. While Franklin Templeton’s EZBC saw only a modest $10 million inflow, highlighting investors are being selective rather than abandoning Bitcoin ETFs altogether.