Bitcoin Updates: Major Investors Adjust Holdings Amid $2.1 Billion Outflow from Bitcoin ETFs

BlackRock's

(IBIT), the most sizable spot ETF in the United States, experienced a record-breaking daily withdrawal of $523 million on November 19, as major investors adjust their holdings in response to economic uncertainty. This withdrawal of outflows from the fund, which has now seen $2.1 billion pulled in November alone—almost 70% of the $3.79 billion in total net outflows from all 11 U.S. Bitcoin ETFs this month. below $90,000, representing a 30% decline from its high in October, setting the stage for its weakest monthly showing since the crypto market crash of 2022.

This selloff runs counter to past patterns:

for Bitcoin. Experts point to several reasons for the reversal, such as profit-taking after a prolonged rally, uncertainty about the Federal Reserve’s upcoming rate decision in December, and broader economic pressures. " has reduced market liquidity, driving down short-term Bitcoin prices and exposing declining investor confidence," explained Dilin Wu from Pepperstone. Meanwhile, in assets leave this month, despite attracting $26 billion in new investments in 2025.

These withdrawals signal a broader change in institutional attitudes.

behind the asset’s momentum in 2025, recent figures indicate that investors are now focusing on reducing risk. "The unprecedented outflows reflect a strategic adjustment by institutions, not a total exit," said Vincent Liu of Kronos Research. "Large investors are scaling back risk, limiting exposure, and waiting for clearer macroeconomic signals before re-entering." This stands in contrast to , where spot ETFs have seen $1.79 billion in outflows, though as the Dencun upgrade approaches in early 2026.

Investors are also monitoring the differing trends in altcoin ETFs. While Bitcoin and Ethereum continue to see outflows,

for 16 consecutive days, accumulating $420 million in net assets. This divergence highlights a growing preference for yield-focused alternatives as investors look for better returns in a low-yield market.

BlackRock remains the dominant player in the Bitcoin ETF market,

in assets. Still, the recent withdrawals underscore the vulnerability of capital that chases momentum. " of the U.S. labor market and the odds of a December rate cut dropping to just above 50-50, there’s little in the current economic landscape to encourage traders to remain optimistic as the year ends," commented Sean Dawson from Derive.xyz.

Despite the current volatility,

and other major institutions continue to treat Bitcoin as a store of value rather than a transactional currency. This approach fits with the company’s broader plan to incorporate digital assets into conventional portfolios, even as short-term price swings persist. The key question now is whether clearer economic signals and renewed inflows can reignite the momentum that once drove Bitcoin to new heights.