Bitcoin ETFs Hit Record $11.5 Billion Volume as Most Investors Slip Into Losses

US spot Bitcoin ETFs experienced their busiest trading session ever on November 21, recording $11.5 billion in combined volume, according to Eric Balchunas, Bloomberg Senior ETF Analyst. This surge in activity is described as "wild but normal" during market stress, signaling position reshuffling. BlackRock's IBIT dominated the volume with $8 billion, though it still saw net outflows that day. Despite this record turnover, the 12 spot Bitcoin ETFs are heading for their worst trading month with over $3.5 billion in net outflows. Concurrently, the average spot Bitcoin ETF holder is now in the red, as Bitcoin's recent price drop below $91,725—the weighted average purchase price for inflows—pushed most investors into unrealized losses.

(Source：BeInCrypto)