Equity ETFs surge as cryptocurrency funds see $1.6B exodus in November
Bitcoin ETFs in the United States have experienced $1.6 billion in outflows throughout November, as equity fund investors capitalize on market downturn opportunities.
Exchange-traded funds focused on US spot Bitcoin experienced net withdrawals totaling $95 million on Tuesday, even as market participants directed billions into equity-based funds amid a broader market correction.
The outflows observed on Tuesday pushed the total net withdrawals from spot Bitcoin (BTC) ETFs in the United States to approximately $1.6 billion throughout November, based on figures compiled by SoSoValue.
While withdrawals from Bitcoin ETF products moderated for a consecutive third trading session, equity-focused funds dominated the landscape, claiming every spot among the 17 highest-performing US-listed ETFs measured by capital inflows across five trading days, as noted by Eric Balchunas, an ETF analyst at Bloomberg.
Equity ETF investors "devoured" the dip
Exchange-traded funds listed in the United States pulled in approximately $12 billion on a daily basis throughout those five sessions, with equity investments comprising the entirety of the top 17 funds ranked by incoming capital, Balchunas stated via X on Tuesday.
Among the primary beneficiaries were Vanguard's S&P 500 ETF (VOO), Invesco's Nasdaq-100 ETF (QQQ) and BlackRock's iShares Core S&P 500 ETF (IVV).
The iShares Bitcoin Trust (IBIT) from BlackRock registered net outflows of $78 million on Tuesday, marking its eighth consecutive trading day experiencing withdrawals. Throughout this extended streak, the fund has seen approximately $1.73 billion in net capital departures, according to data from Farside Investors.
Meanwhile, Morgan Stanley's Bitcoin Trust ETF (MSBT) managed to draw in $20 million on Tuesday, though these inflows proved inadequate to counterbalance the wider market losses.
Bitcoin demand weakens as ETF outflows ease
While daily net outflows from Bitcoin ETF products decelerated from $430 million on Thursday and $412 million on Friday to $201 million on Monday and $95 million on Tuesday, broader indicators across the market continued to demonstrate weakness, as reported by CryptoQuant.
The Bitcoin Bull Score Index from CryptoQuant fell to 20 on Monday from a reading of 90 on Oct. 13, indicating "extremely bearish" market conditions, according to a Tuesday analysis reviewed by Cointelegraph.
The research team reported that visible Bitcoin demand declined by 284,000 BTC throughout a 30-day period, representing the most rapid contraction observed since March 2025. According to CryptoQuant, while comparable market conditions have historically preceded local price bottoms, the firm cautioned that the potential for a more severe correction cannot be ruled out, highlighting $73,200 as a critical support threshold for Bitcoin.
As of publishing time, Bitcoin was trading at $73,998, reflecting a 1% decline over the preceding 24 hours, and showing a 5.2% decrease across the past seven days, per data from CoinGecko.