Bitcoin ETFs Bleed Record $3.79 Billion as BTC Slides Toward $80K: Inside November’s Crypto Rout
U.S. spot bitcoin ETFs saw $3.79 billion in net outflows in November, the worst month since their January launch. BlackRock’s IBIT lost over $2 billion, with $523 million pulled in a single day. Bitcoin’s price dropped from above $126,000 in October to the low $80,000s, erasing over $1 trillion in crypto market value. Ether ETFs also faced $1.8 billion in outflows this month.