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

According to data from SoSoValue, the U.S. spot Bitcoin ETF recorded a net outflow of $3.5 billion in November, marking the largest monthly negative flow since the beginning of this year. Since October 31, the Bitcoin ETF has seen four consecutive weeks of net outflows, totaling $4.34 billion. However, in the last three days of November, just before Thanksgiving in the U.S., there was a shift to net inflows.

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