Business news and discussion on TalkFuse.
Bitcoin ETFs Lose $2.1 Billion in November as Outflow Streak Hits Seven Days
US spot Bitcoin ETFs lost $185.4 million on Friday, extending their outflow streak to seven trading days. November withdrawals have reached about $2.1 billion, alongside a sharp fall in crypto prices, signalling that investors are reducing risk.
The funds lost roughly $829 million this week and nearly $1.3 billion the week before. Their total net assets fell to $94.9 billion, while cumulative inflows since launch slipped to $55.3 billion. Ethereum ETFs lost about $702 million in November, despite a small inflow on Friday; Solana ETFs shed $28 million this week. Bitcoin was down about 15% over the week, while JPMorgan’s reported holdings of Bitcoin and related securities were nearing $1 billion, based on purchases made before the latest downturn.
In short
- Bitcoin ETFs recorded seven consecutive days of outflows.
- November withdrawals reached about $2.1 billion.
- Bitcoin and other major cryptocurrencies fell sharply.