Crypto ETFs Face Major Losses in November Amid Market Struggles

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Citing Coinrise, November was a difficult month for crypto ETFs, with spot Bitcoin ETFs recording their largest monthly loss since February, as investors withdrew $3.48 billion. Bitcoin’s price decline to $85,653 led to losses across major assets, while Ethereum ETFs lost $1.42 billion. Solana and XRP ETFs saw inflows, but Dogecoin ETFs struggled. BlackRock’s IBIT, the largest U.S. Bitcoin ETF, faced its second-worst month, with over $2.4 billion in outflows.

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