Are Spot Bitcoin ETFs daily outflows in the U.S. rising?

TL;DR
U.S.-listed spot Bitcoin ETFs reported a $903 million net outflow on November 13, 2025—their second-largest daily outflow ever. This massive withdrawal was led by major funds like BlackRock’s IBIT, Grayscale’s GBTC, and Fidelity’s FBTC, and signals growing caution among risk-assets investors. The Block: Spot Bitcoin ETF Second-Worst Outflows

Big money pulls out of spot Bitcoin ETFs

Here’s the thing: on Thursday, November 13, 2025, about $903 million vanished from U.S. spot Bitcoin ETFs. That’s no small potatoes—it’s the second-largest single-day outflow since these ETFs appeared in January 2024. The Block: Spot Bitcoin ETF Second-Worst Outflows

Breaking it down:

BlackRock’s IBIT saw roughly $355.5 million exit. The Block: Spot Bitcoin ETF Second-Worst Outflows
Grayscale’s GBTC dropped $199.35 million. The Block: Spot Bitcoin ETF Second-Worst Outflows
Fidelity’s FBTC lost about $190.4 million. MEXC News: Fidelity FBTC Outflow

Bitcoin’s price slipped under $100,000, which often spooks investors and triggers more selling. Risk-averse players likely moved money toward safer havens like Treasury bills or gold. CoinDesk: Bitcoin Spot ETFs See USD 869m Outflow; Second Largest on Record

Why this matters for companies hunting funding

When big money pulls out of Bitcoin ETFs, risk appetite cools across the board. I’ve found that affects everything from crypto startups to fintech ventures.

Here’s the ripple effect in plain terms:

Cost of capital climbs as investors want bigger returns to cover risk.
Company valuations shrink; getting funding calls for more proof points.
Due diligence stretches out—investors dig deeper into every number.

If you’re scaling or chasing Series A-C rounds, this kind of market move means you’ve got to up your game.

What this outflow signals for you

These outflows aren’t just bad news—they’re also a heads-up. If you position yourself right, there’s room to win.

Warning signs:

Bitcoin dropping below key psychological marks like $100K usually ramps up selling. CoinDesk: Bitcoin Spot ETFs See USD 869m Outflow; Second Largest on Record
Funds under fee pressure or heavy leverage suffer most during risk-off times.
Big macro moves—inflation, Fed policy—matter a ton. MarketWatch: Bitcoin ETF Posts Record Outflow Amid Crypto Bear Market

Where the opportunities are:

If you’re outside crypto, now’s your moment to highlight fundamentals in your asset allocation. For crypto or fintech folks, showing steady revenue, a wide investor base, and less reliance on hype makes you stand out.

Investors want solid metrics—customer growth and revenue per user over flashy buzz.

Which ETFs took the biggest hits

To get a sense of the scale, these funds felt the burn the most on that day:

Fund	Approximate Outflow
BlackRock IBIT	$355.5 million The Block: Spot Bitcoin ETF Second-Worst Outflows
Grayscale GBTC	$199.35 million The Block: Spot Bitcoin ETF Second-Worst Outflows
Fidelity FBTC	$190.4 million MEXC News: Fidelity FBTC Outflow

Smaller funds like Grayscale’s Mini Trust and Bitwise also saw outflows, but they were less dramatic. Yahoo Finance: Bitcoin ETFs Bleed $870m in One Day

Big takeaway? The larger, established funds shed the most money, hinting that institutional investors are the first to hit the exits.

What sparked this massive pullout

A bunch of factors overlapped here:

Bitcoin broke its $100K support level
This often activates automated sell orders. CoinDesk: Bitcoin Spot ETFs See USD 869m Outflow; Second Largest on Record
Investors became more risk-averse
Fed signals, inflation worries, and rate changes nudged people away from volatile bets. MarketWatch: Bitcoin ETF Posts Record Outflow Amid Crypto Bear Market
Profit taking and repositioning
After healthy gains earlier in 2025, many rotated out to lock profits or chase other opportunities.
Regulatory concerns
Talks of OTC rules and SEC scrutiny pushed risk premiums up.

One quick aside: while these factors stacked, timing matters a lot. Even small shifts in Fed messaging can amplify moves.

How companies can navigate this tougher environment

If you’re on the hunt for funding right now, adapting your approach is key.

Show steady, predictable revenue streams. Even small, recurring contracts count more than uncertain forecasts.
Don’t put all eggs in one basket—expand beyond crypto VCs to strategic partners who value stability or tech promise.
Cutting burn rate signals you’re serious and cautious, which investors love when things get shaky.
If your revenue ties to Bitcoin or crypto prices, hedge your bets with derivatives or diversification; it’s not foolproof but helps.
Transparency matters—metrics like CAC, LTV, and retention will be scrutinized more than ever.

FAQs companies are asking right now

Is this outflow the start of a new crypto winter?
Not necessarily. High outflows happen from time to time without crashing the whole market. For example, $1.14 billion left the space on Feb 25, 2025, yet it didn’t trigger a long-term meltdown. BiteMyCoin: US Spot Bitcoin ETFs See $870m in Outflows—Second Largest on Record

Should I hit pause on fundraising until things improve?
Only if you can afford to. Actually, some of the best deals come when markets are down because founders have more sway.

Do big outflows always mean prices will keep dropping?
Nope. Sometimes they set the stage for buying opportunities once the dust settles. Volatility, though, will probably stick around.

Can companies tied to Bitcoin benefit if prices bounce back?
Yes, Bitcoin often recovers after sharp dips. But businesses relying solely on price moves tend to fare worse than those with solid fundamentals.

If you’re looking to raise funds now or want help crafting investor decks that cut through the noise in this cautious market, I’m happy to chat. We can work on modeling scenarios or refining your story to win over skeptical backers.