Bitcoin Updates: ETF Outflows Push Bitcoin to Lowest Point in Seven Months Amid Market Turmoil

On Friday, Bitcoin dropped to its lowest point in seven months, falling below $83,400 as U.S. spot

exchange-traded funds (ETFs) experienced unprecedented outflows, indicating a significant change in investor mood. The 11 spot Bitcoin ETFs listed in the U.S. have together seen $3.79 billion withdrawn in November, marking the highest monthly outflow since their launch in January 2024, . This wave of withdrawals has intensified a wider selloff across and stock markets, not seen since April 2025.

The majority of these outflows have come from the largest ETFs. BlackRock’s IBIT, which leads the sector with assets exceeding $72 billion,

, losing $2.47 billion so far this month. Fidelity’s FBTC was next, with $1.09 billion in redemptions. On Thursday alone, U.S. spot Bitcoin ETFs recorded —the second-highest single-day exit since their inception. Experts attribute these withdrawals to a mix of economic uncertainty, reduced liquidity, and worries about a postponed Federal Reserve rate cut.

This selloff has extended to other markets as well.

showed accounts receivable rising to $33.4 billion, unsettling stock investors and prompting a move away from risk. The S&P 500 and Nasdaq Composite fell by 1.56% and 2.15%, respectively, while crypto-related stocks such as Coinbase and BitMine suffered even sharper losses . “When major tech firms falter, liquidity dries up everywhere, and Bitcoin is affected,” said Rachael Lucas, a crypto analyst at BTC Markets .

Ethereum ETFs have also endured

. In contrast, newly introduced altcoin ETFs have attracted investments, with Bitwise’s fund and Solana-focused funds receiving $23.66 million in new capital. This contrast underscores changing investor interests during the downturn.

The ongoing outflows have added to the downward pressure on Bitcoin. After a short-lived recovery on Wednesday, the cryptocurrency

and continued to fall on Friday. This decline has brought Bitcoin close to $80,000— —raising alarms about potential further losses. Analysts emphasize that the current selloff is more about short-term caution than a fundamental change. “Institutions aren’t abandoning the market; they’re just adjusting their positions,” Lucas explained, so far this year.