Bitcoin ETF Outflows Reach Record High as Investors Adjust Holdings

Spot Bitcoin exchange-traded funds (ETFs) saw a substantial outpouring of capital in November, marking the largest outflow in nearly a year. Despite Bitcoin’s rebound from its October dip, investors have been shifting away from their holdings, with $3.5 billion flowing out of these ETFs over four consecutive weeks, according to The Block report. This trend was amplified by BlackRock’s IBIT fund, which led the way with a net outflow of $2.34 billion, even recording the largest single-day withdrawal since its launch last month.