Bitcoin ETF’s Biggest Withdrawal Since August, What Happened?

Jakarta, Pintu News – In a phenomenon that took the crypto market by surprise, funds managed in Bitcoin (BTC) ETFs experienced the largest one-day withdrawal since last August. Fidelity and Ark Invest are leading the charge, while the price of Bitcoin (BTC) remains struggling around the $102,000 mark. This analysis will delve deeper into what is driving this wave of withdrawals and how it is impacting the market.

Bitcoin ETFs Experience Large Withdrawals

Data from SoSoValue shows that Bitcoin (BTC) ETFs experienced a net withdrawal of $558.4 million, which is the largest withdrawal since August 1. Fidelity’s FBTC recorded the largest withdrawal with $256 million, followed by Ark Invest and 21Shares’ ARKB which recorded withdrawals of $144 million. Meanwhile, BlackRock’s IBIT ETF also saw withdrawals of $131 million, marking the seventh day out of the last eight trading sessions with withdrawals.

On the other hand, JPMorgan revealed that it increased its stake in BlackRock’s Bitcoin (BTC) ETF by 64%, with total holdings reaching 5.28 million shares worth $343 million as of September 30. Despite the withdrawals, Bitcoin (BTC) price has remained stable with a decline of only 1% in the last 24 hours to $102,056.

Read also: JPMorgan Increases Investment in Bitcoin ETF, Potential Price to Reach $170,000?

Big Sale by Bitcoin Longholders

Charles Edwards, co-founder of Capriole Investments, described the market as entering a “super whale exit” phase. Bitcoin (BTC) wallets that have been dormant for years are seen selling large volumes, with sales reaching between $100 million and $500 million. On-chain data suggests that these legacy holders are “cashing out” of Bitcoin (BTC).

Vetle Lunde, analyst from K33 Research, also shared that there was a net inflow of 319,000 BTC held for six to twelve months that was recently moved for profit-taking. Over the last month, the “Mega whales” have sold more than $45 billion. Nonetheless, there is still optimism among investors that the market can recover.

Read also: Pi Network (PI) Price Potentially Rebounds 2.5x, Whale Back in Action!

Market Optimism Persists

Despite heavy selling and fund withdrawals from ETFs, some prominent figures are still giving positive signals. Michael Saylor recently made a “Buy Now” call that raised hopes for a recovery in Bitcoin (BTC) prices.

In addition, James Chanos, a well-known short seller, also backed out of bearish trades, which added to the optimism in the market. Investors and analysts remain wary of the market’s next move. With major changes in ownership by whales and ETF fund withdrawals, the Bitcoin (BTC) market is currently at a tipping point that could determine its next direction.

Conclusion

With various dynamics at play, the Bitcoin (BTC) market is currently showing uncertainty but also opportunity. Large ETF withdrawals and sales by existing holders mark an important period in the evolution of the crypto market. How investors respond to these changes will largely determine the future direction of Bitcoin (BTC).

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Bitcoin ETFs Record Biggest Daily Outflow Since August as OG Whales Cash Out. Accessed on November 10, 2025
• Featured Image: Coinpedia