David Gokhshtein, founder of Gokhshtein Media and host of The Breakdown, took to X today, Thursday, November 12, 2026, to highlight a notable shift in the performance of Bitcoin exchange-traded funds (ETFs). Gokhshtein posted, "Bitcoin ETFs are now negative for 2026. Three weeks ago they were up $1.4 billion on the year. I think a lot of people are going to regret selling this one." His statement underscores a significant reversal for these investment vehicles, which just weeks prior had shown substantial year-to-date gains.
The downturn in Bitcoin ETF performance follows a period marked by considerable institutional outflows. Recent Gokhshtein Media coverage detailed that Bitcoin ETFs experienced a $450 million outflow, reflecting a decline in institutional conviction. This sentiment is mirrored in the broader cryptocurrency market, where the Crypto Fear & Greed Index currently stands at 28, indicating a state of "Fear" among investors. Compounding these pressures, Bitcoin mining difficulty recently saw a 7.8% decrease, a metric often associated with miner shutdowns under unfavorable market conditions.
Gokhshtein's remark implies that the current selling pressure on Bitcoin ETFs might be a premature reaction from investors. He suggests that those divesting from these assets now could later view their decision with regret, indicating his belief in the potential for a recovery or that the assets are currently undervalued. His perspective signals that despite recent negative performance, the long-term outlook for Bitcoin and its related investment products may still hold promise.
