Retraits records sur les ETF Bitcoin américains : 3,79 milliards de dollars envolés en novembre

Source: CoinTribune Original Title: Record withdrawals on US Bitcoin ETFs: $3.79B vanished in November Original Link: https://www.cointribune.com/en/record-withdrawals-on-us-bitcoin-etfs-3-79b-vanished-in-november/

Overview

October, nicknamed “Uptober” by crypto market enthusiasts, played a bad trick on investors. And here comes November with its even sharper blade. Bitcoin falls, ETFs are emptied like glasses after drunkenness, and the collective euphoria has given way to an icy silence. While some see it as just a slump, others fear a real tipping point. One thing is certain: the market is bleeding, and the numbers are no mere passing scratch.

Key Highlights

• Two major Bitcoin ETF products caused 91% of outflows on US Bitcoin ETFs in November
• Bitcoin plunged below $84,000 after massive liquidations of leveraged positions
• Digital Asset Treasuries show a collapse in inflows, signaling increased institutional distrust
• Solana and XRP attract new capital via their ETFs, despite a bearish crypto context

Bitcoin Emptied: $3.79B Gone, Major ETF Products Lead

Despite a brief return of inflows recently, the massive outflows recorded in November on US Bitcoin ETFs reflect a sharp loss of confidence. At the heart of this decline, one major ETF product logs $2.47 billion in withdrawals, or 63% of total outflows. Behind it, another institutional ETF follows with $1.09 billion evaporated during the same period. Together, they form a duo responsible for 91% of the month’s capital flight.

On November 20, the day became historic: $903 million went up in smoke within hours, marking one of the worst days since these products launched in early 2024.

A prominent crypto analyst warns: “One major Bitcoin ETF just recorded its largest weekly outflow ever: $1.09 billion so far.”

This hemorrhage is explained by a fragile macroeconomic climate, combined with growing disillusionment about the short-term interest of these financial products backed by a shaky Bitcoin.

Liquidations, Digital Asset Treasuries, and Market Signals: Signs of a Brutal Crypto Purge

ETFs are not the only ones reeling. The wind also blows on Digital Asset Treasuries (DAT), instruments held by crypto companies and funds. In October, inflows dropped 82%, falling from $10.89 billion to just $1.93 billion. November could be even worse: barely $505 million recorded mid-month.

The market has not only lost its appetite: it is vomiting its excesses. A prominent crypto community figure denounces this blind rush: “There is a large cohort of naive money, that knows nothing about cryptos, buying DATs and ETFs. It never ends well. Maybe a new 50% correction is needed for these people to liquidate their positions before the market can build solid foundations and restart the supercycle.”

Leverage does not help. On November 21, $1 billion of long positions were liquidated in one hour. Institutional investors saw their gains melt like snow in spring. Result: Bitcoin flirted with $83,000, its lowest level since April.

Solana and XRP Shine While Bitcoin Wobbles

Despite this dark picture, not all is lost. In the storm, some cryptos emerge. Solana (SOL) and XRP show net inflows on their respective ETFs: $300 million for one, $410 million for the other. Enough to feed the idea of a beginning change in the crypto hierarchy.

While BTC and ETH fall sharply, some crypto traders see this as a leadership transfer. And small companies are starting to adapt their strategies.

Faced with the volatility of Bitcoin ETFs, some SMEs and fintechs opt for diversification via stablecoins, limit their BTC exposure, and experiment with new crypto usages for payments and treasury.

Key Statistics

• $83,168: Bitcoin price at the time of writing
• $3.79 billion: total withdrawals in November
• $1 billion liquidated in 1 hour on November 21
• Solana and XRP attract more than $700 million in ETFs
• 91% of outflows concentrated on major ETF products

The Believers Remain

While many give in to panic, some continue to believe. A prominent Bitcoin advocate does not flinch. For him, this volatility is just background noise. His argument? Bitcoin remains a disruptive technology, and the shocks are just a necessary passage in its march towards adoption. It is probably this unwavering faith that leads him to downplay fluctuations and stay the course.