US Bitcoin ETFs Hit Record $11.5B Volume in Selloff

Spot Bitcoin exchange-traded funds in the United States recorded their highest trading volume ever on November 21, reaching $11.5 billion, amid a sharp cryptocurrency market selloff that pushed Bitcoin's price to its lowest level in seven months. The surge in activity occurred as Bitcoin fell below $84,000, extending a monthlong decline that has erased much of the cryptocurrency's gains from earlier in 2025.

The 12 spot Bitcoin ETFs saw brisk two-way trading, with some investors reducing exposure and others buying at lower prices. BlackRock's iShares Bitcoin Trust, known as IBIT, dominated the session with $8 billion in volume, representing over 69 percent of the total, though it experienced $122 million in outflows that day. Fidelity's Wise Origin Bitcoin Fund posted net inflows of more than $238 million, providing a counterpoint to the broader trend. Despite the record volume, the ETFs are on pace for their worst month since launching in January, with net outflows exceeding $3.5 billion in November, led by IBIT's $2.47 billion in redemptions.

Bitcoin's price dropped roughly 12 percent over the week, hitting a low of around $80,600 before recovering slightly to $84,431 by late...