Spot bitcoin ETF outflows hit $3.5 billion in November, largest monthly outflow since February

U.S. spot bitcoin exchange-traded funds (ETFs) recorded $3.48 billion in net outflows during November, marking the largest monthly negative flow since February. This followed four consecutive weeks of outflows starting October 31, totaling over $4.34 billion, although the month ended with three days of net inflows. BlackRock's IBIT, the largest such ETF, accounted for $2.34 billion of the November outflows. An expert suggested these outflows reflect institutional profit-taking and year-end rebalancing rather than a loss of confidence, noting cumulative inflows remain positive. Concurrently, spot Ethereum ETFs saw a record monthly net outflow of $1.42 billion, while newer altcoin ETFs like Solana and XRP attracted modest inflows, indicating institutional capital remains concentrated in Bitcoin and Ethereum.

(Source：The Block)