
U.S. spot Bitcoin ETFs have faced four straight weeks of net withdrawals in November, totaling $3.7B, marking a record monthly exodus during a sustained market downturn.
U.S. spot Bitcoin ETFs recorded their fourth consecutive week of net outflows in November, with a total of $3.7 billion withdrawn, surpassing the previous monthly record set in February. The withdrawals occurred amid a sharp decline in Bitcoin’s price, falling over 35% from $126,000 in October to $80,000 on Nov. 21. Ethereum ETFs also experienced over $1.6 billion in redemptions, contributing to the global cryptocurrency market capitalization dropping below $3 trillion. The continued exodus highlights sustained investor risk aversion as the market heads into December.