Data: Spot Bitcoin ETFs saw an outflow of $3.5 billion in November, marking the largest monthly outflow since February.

According to ChainCatcher, data from SoSoValue shows that US spot Bitcoin ETFs recorded a net outflow of $3.5 billion in November, marking the largest monthly outflow since the beginning of this year. Since October 31, Bitcoin ETFs have experienced four consecutive weeks of net outflows, totaling $4.34 billion. However, in the last three days of November before Thanksgiving in the US, there was a shift to net inflows.

Among them, BlackRock's IBIT, the largest Bitcoin ETF by net asset size, saw an outflow of $2.34 billion in November, and on November 18 recorded its largest single-day outflow since inception, reaching $523 million. Nick Ruck, director at LVRG, stated that this outflow mainly reflects institutions taking profits after Bitcoin reached an all-time high and end-of-year portfolio adjustments, rather than a loss of confidence. In addition, US spot Ethereum ETFs saw a net outflow of $1.42 billion in November, the largest monthly outflow in history. During the same period, newly launched spot ETFs such as Solana and XRP continued to record net inflows, with the XRP ETF accumulating $666 million in inflows. Grayscale plans to launch the first US spot Chainlink ETF this week, further expanding its lineup of crypto products.