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Bitcoin News Today: Bitcoin ETFs Offload $2.96 Billion in November, Exceeding Mt. Gox Repayment Amounts

Bitcoin News Today: Bitcoin ETFs Offload $2.96 Billion in November, Exceeding Mt. Gox Repayment Amounts

Bitget-RWA2025/11/19 12:04
By:Bitget-RWA

- Bitcoin ETFs sold $2.96B in November, exceeding Mt. Gox's $953M debt repayment transfers, signaling extreme bearish sentiment. - BlackRock's IBIT led outflows with $2.1B, including a $523M single-day withdrawal, as BTC prices fell 28% below $90,000. - Market analysts warn ETF redemptions could accelerate Bitcoin's decline, citing technical indicators like the "death cross" and weak institutional sentiment. - The sell-off contrasts Bitcoin's historical November rallies, driven by macroeconomic fears and A

In November, Bitcoin ETFs have offloaded more

than the amount Mt. Gox still holds for creditor repayments, reflecting a growing bearish outlook in the crypto sector. Data from Farside Investors shows that U.S. spot Bitcoin ETFs are set to see $2.96 billion in net withdrawals this month, with BlackRock’s (IBIT) alone responsible for $2.1 billion of that figure. On Tuesday, BlackRock’s fund , marking five consecutive days of outflows for these products. This ongoing trend has sparked fears that November could become the worst month for Bitcoin ETFs since their launch in January 2024, potentially overtaking February’s $3.56 billion in redemptions.

Bitcoin News Today: Bitcoin ETFs Offload $2.96 Billion in November, Exceeding Mt. Gox Repayment Amounts image 0

At the same time, Mt. Gox, the defunct Japanese exchange, has transferred $953 million in Bitcoin after being inactive for eight months, sparking speculation about its plans to repay creditors. On March 25, 2025, the company moved 893

(worth $77.3 million) to platforms like Kraken and Bitstamp as part of its ongoing debt settlements. was reported by Decrypt, further fueling rumors of imminent large-scale repayments. However, these movements are minor compared to the ETF outflows, which have greatly surpassed the remaining Bitcoin held by Mt. Gox.

BlackRock’s recent moves have added to market anxiety. The firm shifted 4,880 BTC and 54,730 ETH—worth $642 million—to Coinbase Prime in late November, with analysts viewing these transfers as possible signals of impending sales. Unlike previous years when ETF inflows boosted Bitcoin’s price,

in BTC’s price from its $126,000 high, sending it below $90,000 for the first time in seven months. This drop has , such as a “death cross” and a weekly close beneath the 50-week moving average.

The ETF sell-off stands in stark contrast to Bitcoin’s usual November performance, which has historically seen an average gain of 41.22% for the month. Analysts

to broader economic factors, including U.S. interest rate outlooks, volatility in the AI sector, and institutional selling. BlackRock’s ETF alone has lost $1.26 billion this month, according to CoinDesk, while other ETFs such as XRP’s have also experienced outflows, with $15.5 million leaving XRP-related products in their first week .

Experts caution that ongoing ETF withdrawals could further accelerate Bitcoin’s downward trend. “

behind Bitcoin’s current momentum, and the ongoing pattern points to a fundamental change in institutional attitudes,” said Geoff Kendrick, global head of digital assets research at Standard Chartered. This scenario echoes wider issues in the Bitcoin mining industry, where companies like American Bitcoin (ABTC) continue to face financial losses despite shifting strategies toward AI infrastructure .

As the market contends with these shifts, the interaction between ETF redemptions and Mt. Gox’s repayment plans underscores the vulnerability of Bitcoin’s ecosystem. With November emerging as one of the most turbulent months in recent memory, investors remain cautious, closely monitoring for any signs of stabilization or further decline.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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