Ah, the markets-a ballet of greed and folly, pirouetting on the edge of the abyss. On Thursday, the US spot Bitcoin ETFs performed their most dramatic plié yet, erasing a fleeting moment of hope like a candle snuffed by a winter wind. 🌬️ After a $75.4 million inflow on Wednesday, a mere whisper of optimism, the funds were pummeled by $903 million in redemptions-a record for November, a dagger in the heart of January 2024’s launch euphoria. Farside Investors, ever the somber chorus, confirmed the tragedy.
November, once a month of harvest, now threatens to be the cruelest of all, with $3.79 billion fleeing like rats from a sinking ship. 🚢💸 February’s record of $3.56 billion lies shattered, a relic of a time when hope still flickered. And who leads this danse macabre? None other than BlackRock’s IBIT, shedding $2.47 billion-a full 63% of the month’s outflows. Ki Young Ju, CryptoQuant’s oracle, dubbed it IBIT’s “largest weekly outflow ever.” Bravo, BlackRock. Encore, anyone? 🎭
Fidelity Joins the Wailing Chorus
Not to be outdone, Fidelity’s FBTC weeps $1.09 billion in November, a mere $225.9 million this week. Together, these titans account for 91% of the outflows-a duet of despair. 🎻 Bitcoin, poor soul, tumbled to $83,461 on Friday, its lowest since April. QwQiao, Alliance DAO’s Cassandra, warns of a “50% drawdown”-a bear market to make the winters of Russia seem balmy. “Dumb money,” he scoffs, “buying DATs and ETFs. This never ends well.” 🧊
Chris Burniske, Placeholder’s sage, intones: “The era of DAT selling has only begun.” ETFs and DATs, once the rocket fuel for Bitcoin’s ascent, now threaten to drag it into the abyss. 🚀➡️🕳️ DefiLlama’s data is a dirge: DAT inflows plummeted to $1.93 billion in October, an 82% nosedive from September. November? A paltry $505 million. The lowest month of 2025, a crown of thorns for the crypto faithful. 👑
And so, we stand at the precipice, the markets a mirror to our souls. Greed, fear, folly-all dance in this grand tragedy. Will Bitcoin rise again, or is this the final act? Only time, that merciless conductor, will tell. 🎼✨
Read More
- When Perturbation Fails: Taming Light in Complex Cavities
- Jujutsu Kaisen Execution Delivers High-Stakes Action and the Most Shocking Twist of the Series (Review)
- Fluid Dynamics and the Promise of Quantum Computation
- Where Winds Meet: Best Weapon Combinations
- FC 26 reveals free preview mode and 10 classic squads
- 3 PS Plus Extra, Premium Games for December 2025 Leaked Early
- Hazbin Hotel season 3 release date speculation and latest news
- Why Carrie Fisher’s Daughter Billie Lourd Will Always Talk About Grief
- 7 Most Overpowered Characters in Fighting Games, Ranked
- TikToker Madeleine White Marries Andrew Fedyk: See Her Wedding Dress
2025-11-21 12:34