Bitcoin ETF Outflows Hit Record High Amid Market Rebalancing

U.S. Bitcoin Exchange-Traded Funds (ETFs) experienced a significant outflow of $3.48 billion in November, marking the largest monthly decline since February. This trend aligns with market rebalancing and profit-taking by institutions following bitcoin’s record-breaking rally to new all-time highs. BlackRock’s IBIT, the leading Bitcoin ETF, led outflows with a staggering $2.34 billion leaving the fund during November.