Spot bitcoin ETFs shed $1.2 billion in 4th consecutive outflow week

U.S. spot bitcoin exchange-traded funds recorded a fourth consecutive week of net outflows, totaling $1.22 billion for the week ending November 21, bringing the four-week cumulative outflow to $4.34 billion. This outflow period coincided with a significant crypto market correction, where Bitcoin dropped from $95,600 to around $82,200 before recovering slightly. BlackRock's IBIT fund accounted for $1.09 billion of the weekly outflows. Analysts suggest the market structure remains fragile, expecting Bitcoin to consolidate between $85,000 and $90,000 due to shallow liquidity. In contrast, spot Ethereum ETFs saw $500.25 million in outflows for their third straight week, while spot Solana ETFs saw $128.2 million in inflows, and spot XRP ETFs brought in $179.6 million.

(Source：The Block)