US Bitcoin ETFs Hit Record $3.79B Outflows in November

United States spot Bitcoin exchange-traded funds recorded outflows of $3.79 billion in November, the highest monthly total since their launch in January 2024, with BlackRock's iShares Bitcoin Trust leading the redemptions at $2.47 billion.

The funds experienced a sharp reversal on Thursday, with $903 million in withdrawals marking one of the largest single-day outflows to date. This followed a brief respite earlier in the week, when $75.4 million in inflows ended a five-day outflow streak on Wednesday. Overall, November's figure has already exceeded February's previous record of $3.56 billion, reflecting heightened investor caution amid broader market pressures.

Bitcoin's price fell below $90,000 on Wednesday, reaching a seven-month low of $86,037 after trading above $126,000 just six weeks earlier. The cryptocurrency has declined 28 percent from its early October peak, erasing all gains for 2025 and entering bear market territory. Ethereum followed suit, dropping 6 percent to below $3,000, as the broader crypto market lost approximately $1.2 trillion in value over recent weeks. Analysts attribute the selloff to leveraged liquidations, macroeconomic uncertainties including a...