Bitcoin ETFs Have Bled a Record $3.79B in November

The 11 spot bitcoin BTC$85,533.71 exchange-traded funds (ETFs) listed in the U.S. have collectively registered outflows totaling $3.79 billion, marking the largest on record and surpassing the previous peak outflow of $3.56 billion in February.

BlackRock’s bitcoin ETF, IBIT, the world’s largest publicly-listed fund, has seen redemptions exceeding $2 billion this month, according to data source SoSoValue.

On Thursday alone, these funds experienced outflows of over $900 million, the second-largest single-day withdrawal since these funds debuted in January 2024.

Ether ETFs have also faced record outflows, totaling $1.79 billion.

These figures reflect growing investor aversion toward the top two cryptocurrencies by market value. Meanwhile, recently debuted Solana SOL$130.80 and XRP ETFs have seen net inflows of $300.46 million and $410 million, respectively.