Bitcoin ETFs See Worst Month Since February With $3.5B Outflows as BTC Slumps Again

Spot Bitcoin Exchange Traded Funds (ETFs) experienced substantial losses in November, with outflows totaling over $3.48 billion. This downturn was primarily driven by significant outflows from BlackRock's iShares Bitcoin Trust (IBIT).

The performance of other cryptocurrency ETFs presented a mixed picture. While Ethereum-based ETFs encountered difficulties, ETFs tracking Solana and XRP demonstrated notable strength during the same period.