Bitcoin faced fresh selling pressure this week as large investment funds pulled money out at a rate not seen in months.
Spot Bitcoin ETFs recorded withdrawals of about $866 million on Thursday, a sharp move even after the U.S. government reopened after a 43-day shutdown, according to a report from Farside Investors.
The flight of money from these funds caught the attention of traders who had hoped for a stronger reaction once political uncertainty was resolved.
Source: Farside Investors
Major Bitcoin funds hit by massive withdrawals
This wave of outflows marked the second consecutive loss for the U.S.-listed spot Bitcoin ETF, according to new data.
Separate figures from SoSoValue showed that nearly $897 million was withdrawn from the product on the same day, suggesting a widespread withdrawal by agency officials.
This change surprised some market observers, as ETF inflows were one of the main drivers of Bitcoin’s bull run in early 2025.
For those who got into Bitcoin 6-12 months ago, the cost basis is closer to 94K.
Personally, I believe that a bear cycle is not confirmed unless the level is lost. It is better to wait than to jump to conclusions. pic.twitter.com/i9a5M0xnMW
— Kiyoung Ki (@ki_young_ju) November 14, 2025
CryptoQuant’s Ki-Young Ju warned that the broader upward trend could weaken if Bitcoin falls below $94,000. He identified this as the average buying level of holders who entered in the last 6-12 months.
XRP Fund Shines Amid Market Pressure
While Bitcoin funds have been struggling, one new altcoin product has had an unusually strong debut. The Canary Capital XRP (XRPC) ETF saw $58 million in trading volume on its first day, according to Bloomberg ETF analyst Eric Balchunas.
While this figure barely surpasses the $57 million recorded by the Solana ETF earlier this year, it still ranks as the largest market capitalization of the roughly 900 ETFs launched in 2025.
Additionally, according to the report, the Ether ETF faced withdrawals of $259 million on Thursday, while the Solana ETF added $1.5 million, extending its inflows to 13 days.
Allegations of rate cuts are added to the slide.
Bitcoin fell below the $100,000 mark on Friday and was trading around $96,900 by 00:00 ET (05:00 GMT). As expectations of a Federal Reserve interest rate cut in December disappeared, it fell to an intraday low of $96,650.
Markets now have an approximately 45% chance of a 25 basis point cut at the December 10-11 meeting, down from 63% a week ago.
The government shutdown has created gaps in official inflation and employment data, reducing signals for the Federal Reserve to cooperate and making traders cautious about taking risks.
Mixed feelings for cryptocurrencies heading into the weekend
Institutional demand is cooling due to repeated fund outflows and a slowdown in government treasury purchases. Some analysts believe the market has been in a quiet bearish phase for several months.
Bitwise’s Hunter Horsley said the recession could be closer to an end than many think, although the broader risk markets offer little support.
Others warn that Bitcoin’s losing streak could be extended if ETF withdrawals continue. Bitcoin is currently heading into its third week.
Featured image from Unsplash, chart from TradingView
editing process for focuses on providing thoroughly researched, accurate, and unbiased content. We adhere to strict sourcing standards and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of the content for readers.
