US Bitcoin ETFs Suffer Massive Outflows, Triggering Bear Market Concerns

US spot Bitcoin exchange-traded funds (ETFs) experienced a significant sell-off in November, with record outflows contributing to a sharp decline in the Bitcoin price. This move comes despite initial signs of recovery, raising concerns about the future trajectory of Bitcoin and the broader crypto market amid regulatory scrutiny and market volatility. November has already become the worst month on record for US Bitcoin ETF withdrawals, surpassing previous highs by a significant margin.