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\n\t\t\t\t\t\t\t\t\tAlthough the day ended in the green, BlackRock\u2019s IBIT extended its negative streak.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The spot Bitcoin ETFs in the United States set a new record in terms of trading volume on Friday, which was categorized as \u201cwild but normal\u201d by experts.<\/p>\n
This came amid turbulent times for the underlying asset, which experienced a substantial price volatility that included a drop toward $80,000 and a subsequent recovery of almost five grand.<\/p>\n
Bloomberg\u2019s senior ETF analyst Eric Balchunas described the events that took place on the spot Bitcoin ETF<\/a> front as an \u201ceruption\u201d in the trading volumes, with $11.5 billion traded from all of them. After asserting that this was \u201cwild but also normal,\u201d he explained what might be the cause and how ETFs are liquidation release valves.<\/p>\n Also no surprise record week for Put volume in $IBIT<\/a>.. this is one thing that may help ppl stay the course, they can always buy some puts as hedge while they stay long. This was something big investors loved about $SPY<\/a> when it was first launched back in \u201990s. pic.twitter.com\/eDDXoDvmTv<\/a><\/p>\n \u2014 Eric Balchunas (@EricBalchunas) November 21, 2025<\/a><\/p>\n<\/blockquote>\n Somewhat expectedly, the world\u2019s largest BTC ETF was responsible for the lion\u2019s share, with $8 billion of the total volume. IBIT has been<\/a> on a substantial negative streak for the past several weeks, and yesterday was no exception, with $122 million in net outflows. Interestingly, it has been in the green only once out of the past eight trading days.<\/p>\n Nevertheless, the day turned out to be positive for the ETFs as a group, with $238.4 million entering the funds. The week, though, was deep in the red, with over $1.2 billion in net outflows, according<\/a> to FarSide data.<\/p>\n These withdrawals from the ETFs are among the reasons why BTC\u2019s price has been falling hard lately. Recall that the asset entered the previous business week at $95,000, but it dumped hard by almost $15,000 in the span of just a few days to bottom below $81,000 on Friday.<\/p>\n Once the New York Fed President John Williams offered<\/a> some hope that the central bank might lower interest rates soon, BTC bounced to around $85,000. Still, the cryptocurrency has plunged by roughly 32% since its all-time high in early October, which raises<\/a> questions about the state of the overall market and whether the bears are in full control now.<\/p>\n <\/p><\/div>\n\n
BTC Price Update<\/h2>\n
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