As per Cryptofrontnews, U.S. spot bitcoin ETFs recorded $3.48 billion in net outflows in November, the largest monthly decline since February. BlackRock’s IBIT led with $2.34 billion in outflows, including a $523 million single-day withdrawal on November 18. The outflows reflect institutional profit-taking after Bitcoin’s rally and year-end portfolio adjustments. Ethereum ETFs lost $1.42 billion but ended the month with five days of inflows. Newer altcoin ETFs like Solana and XRP saw steady inflows, indicating a shift in institutional focus. Grayscale plans to launch the first U.S. spot Chainlink ETF, expanding altcoin access for investors.
U.S. Bitcoin ETFs Record $3.48B Outflows in November Amid Profit-Taking and Rebalancing
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