CoinDesk Podcast Network BlackRock Bitcoin ETF Hit by Record $1.26B Outflow | CoinDesk Daily
Nov 18, 2025
The cryptocurrency landscape is shaking as BlackRock's spot bitcoin ETF faces a historic $1.26 billion outflow this November, contributing to a staggering total of $2.59 billion withdrawn from 11 ETFs. With a 16% price drop to $52, traders are increasingly hedging against further declines. Meanwhile, Tether makes headlines with an undisclosed investment in Ledin, expected to boost Bitcoin-backed loans significantly. Amidst this turbulence, a major Cloudflare outage disrupts internet services, impacting crypto platforms and beyond.
AI Snips
Chapters
Transcript
Episode notes
Record Outflows Hit Spot Bitcoin ETFs
- BlackRock's IBIT saw record net outflows of $1.26 billion in November, marking its toughest month since launch in January 2024.
- Eleven spot Bitcoin ETFs together experienced $2.59 billion of withdrawals, signaling broad investor redemptions.
Price Drop Spurs Aggressive Hedging
- IBIT's price plunged 16% to $52, a level not seen since April 22, and traders are hedging against more downside.
- The 250-day put-call skew reached a seven-month high, making bearish put options relatively expensive versus calls.
Bitcoin Dip Occurs Amid Market Stress
- Bitcoin itself dipped to just above $93,000 amid the ETF outflows and market stress.
- Market moves coincided with increased activity in Bitcoin-backed lending and investment flows across firms like Ledin.