Bitcoin and Ethereum Funds Record Over $860M in Single-Day Outflows

Lookonchain data shows sharp November 21 withdrawals, with BlackRock leading losses across Bitcoin and Ethereum funds.

BTC

ETH

104d ago

Summary

On November 21, 10 Bitcoin funds recorded net outflows totaling 7,341 BTC valued at approximately $626.29 million, with BlackRock alone losing 4,108 BTC worth $350.42 million. The same day, nine Ethereum funds saw combined withdrawals of 84,435 ETH, valued at around $233.88 million, including 43,237 ETH worth $119.77 million from BlackRock. This marks one of the most significant single-day capital movements from crypto funds in recent weeks.

Terms & Concepts

Bitcoin fund: An investment vehicle holding Bitcoin for clients, offering exposure to its price movements without direct ownership.
Ethereum fund: An investment product managing Ethereum on behalf of investors, tracking its market performance.
Net outflows: The total value of assets withdrawn from a fund during a specific period after accounting for inflows.