Spot Bitcoin ETFs see $438M outflows — biggest since US election
Spot Bitcoin ETFs experienced their largest single-day outflows since the 2016 presidential election, as net outflows from U.S.-based ETFs peaked at $438.37 million on November 25. This marks a significant shift in market sentiment, following a remarkable inflow of $1 billion just days earlier on November 21. Despite the sharp drop, spot Bitcoin ETFs have maintained a net inflow of $30.4 billion, attributed largely to institutional interest. The recent outflows coincided with a decline in Bitcoin's price from a high of around $99,655 on November 22 to approximately $92,000, indicating over a 7% loss. The total assets under management for these ETFs fell to roughly $102.23 billion, down from $107.49 billion earlier in the month. BlackRock’s iShares Bitcoin Trust continues to dominate, holding $47.03 billion in net assets. This volatility highlights the sensitive nature of ETF inflows and outflows in relation to Bitcoin's liquidity and market stability.
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