US Bitcoin ETFs See Second- and Third-Largest Outflows in History
US spot Bitcoin ETFs faced four straight weeks of November net outflows totaling $3.7 billion, reinforcing institutional caution amid ongoing price pressures.
BTC
Summary
US-listed spot Bitcoin ETFs ended November with their fourth consecutive week of net outflows, totaling $3.7 billion withdrawn for the month. This marked a record monthly outflow, surpassing the previous $3.6 billion peak in February. Persistent withdrawals reflect sustained institutional caution as Bitcoin’s price and broader cryptocurrency markets remain under pressure heading into December.
Terms & Concepts
- Bitcoin ETF: An exchange-traded fund that tracks Bitcoin’s price, allowing investors exposure without directly holding the cryptocurrency.
- Outflow: The net amount of investments withdrawn from a fund within a specific period.