Blackrock Leads Near $3b Bitcoin November Etf Exodus With Record...

US Bitcoin ETFs are nearing $3 billion in November outflows as a fresh death cross, fading Fed rate cut odds, and smart money shorts weigh on sentiment.

Bitcoin exchange-traded funds (ETFs) are closing in on $3 billion in net outflows for November, putting the products on track for their worst month yet after BlackRock’s fund logged its biggest day of redemptions on record.

US spot Bitcoin (BTC) ETFs extended their five-day losing streak Tuesday, logging another $372 million in net negative outflows, according to Farside Investors.

BlackRock’s iShares Bitcoin Trust (IBIT) ETF recorded $523 million in outflows, marking its largest day of outflows since its debut in January 2024.

The latest outflows bring November’s total to $2.96 billion, already making it the second-worst month for spot Bitcoin ETFs. BlackRock alone accounted for $2.1 billion of those outflows.

Another week of selling could push redemptions past the $3.56 billion seen in February, which would mark the weakest month for ETF flows despite the historical tendency for November to be one of Bitcoin’s strongest periods.

Spot Bitcoin ETF inflows were the primary driver of Bitcoin’s momentum in 2025, Standard Chartered’s global head of digital assets research, Geoff Kendrick, told Cointelegraph recently.

Related: Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish

The ETF outflows have continued to mount despite investors expecting a month of upside for Bitcoin, based on historical data. November is the best month for Bitcoin’s historic returns, with BTC averaging a 41.22% rally during the month, according to CoinGlass data.

Looking at other crypto funds, the Ether (ETH) ETFs recorded $74.2 million in outflows on Tuesday, while the Solana (SOL) ETFs attracted $26.2 million in inflows, surpassing $421 million in total investments since launch, according to Farside Investors.

Source: CoinTelegraph