BTC ETFs Register Record $3.79B Outflow in November
Summary
U.S.-listed spot Bitcoin ETFs collectively registered outflows of $3.79 billion in November, marking the largest monthly outflow on record, surpassing the previous peak of $3.56 billion in February. BlackRock's IBIT fund alone saw redemptions exceeding $2 billion this month. Furthermore, Ether ETFs also faced record outflows totaling $1.79 billion, indicating growing investor aversion toward the top two cryptocurrencies. Conversely, recently launched Solana and XRP ETFs recorded net inflows of $300.46 million and $410 million, respectively.
(Source:CoinDesk)