Bitcoin ETFs have already posted $2.33 billion in outflows this month, marking the second-largest withdrawal figure of 2025. If this trajectory holds, November is on track to surpass February’s record nearly $4 billion in redemptions. The pressure has intensified now that BTC has slipped below the $100K level, triggering broad-based selling across major funds.

BlackRock dominated the latest wave of exits, accounting for 4.65K BTC out of the total 4.94K BTC redeemed over the past 24 hours. The imbalance highlights how quickly institutional sentiment has turned, with heavy outflows amplifying the market’s downside momentum.

Overall, the data signals a sharp shift in appetite, and unless flows stabilize, November could set a new benchmark for ETF-driven selling pressure.