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

According to Mars Finance, data from SoSoValue shows that the US spot Bitcoin ETF recorded a net outflow of $3.5 billion in November, marking the largest monthly negative flow record since the beginning of this year. Since October 31, the Bitcoin ETF has seen net outflows for four consecutive weeks, totaling $4.34 billion. However, in the last three days of November, leading up to Thanksgiving in the US, there was a shift to net inflows. Among them, BlackRock's IBIT, as the largest Bitcoin ETF by net asset size, saw an outflow of $2.34 billion in November and recorded the largest single-day outflow since its inception on November 18, amounting to $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 the end of the year, rather than a loss of confidence. Additionally, the US spot Ethereum ETF had a net outflow of $1.42 billion in November, the largest monthly outflow in history. During the same period, newly launched spot ETFs like Solana and XRP continued to record net inflows, with the XRP ETF accumulating an inflow of $666 million. Grayscale plans to launch the first US spot Chainlink ETF this week, further expanding its encryption product lineup.