News View Non-AMP

How Did Spot Bitcoin ETFs Perform in November? Losses Hit $438M

Published by
Elena R

After bringing in over $3 billion in cash inflows last week, U.S. spot Bitcoin exchange-traded funds (ETFs) opened the last week of November with a notable decline. On Monday, November 25, the latest market data showed that U.S. spot BTC ETFs experienced a net cash outflow of about $438.38 million.

Bitwise’s BITB led the way with major outflows, losing around $280 million. Other notable ETFs, such as Grayscale’s GBTC, Fidelity’s FBTC, and Ark & 21Shares Bitcoin ETF (ARKB), also saw outflows of $158 million, $134 million, and $110 million, respectively.

On the other hand, BlackRock’s IBIT ETF continued its Bitcoin accumulation, posting a net cash inflow of more than $267 million on Monday. This brings its total assets under management (AUM) to $47 billion, showing that BlackRock remains confident in Bitcoin’s long-term potential.

Supply Drops to a New Low

The overall supply of Bitcoin on centralized exchanges has continued to decline in the recent past, thus coinciding with the ongoing bullish trend. According to the latest market data, the supply of Bitcoin on CEXes has declined to a new multi-year low of below 2.3 million.

Corporates Continue Pumping

In other news, MicroStrategy announced the purchase of 55,500 Bitcoins, worth about $5.4 billion. The company now holds 386,700 BTC in total. Semler Scientific also acquired 297 BTCs, valued at $29.1 million, bringing its total holdings to 1,570 BTC.

Bitcoin Price Misses $100K – What Now?

Bitcoin price failed to reach the much-anticipated target of $100k by 0.5 percent last week, thus resulting in heavy liquidations of long traders. In the past two days, nearly $1 billion has been wiped out from the leveraged crypto market, mostly involving long traders.

With the market now in correction, the risk of a long squeeze has increased significantly, contributing to the current bearish price action. From a technical perspective, Bitcoin could drop below $90,000 soon, possibly finding support above $85,000 before recovering and pushing toward a new all-time high (ATH).

FAQs

How much inflow to Bitcoin ETFs?

Bitcoin ETFs saw $3.1 billion in inflows last week, despite the recent $438 million in outflows.

What is the difference between Bitcoin ETF inflows and outflows tracker?

A Bitcoin ETF inflows tracker tracks investments into ETFs, while an outflows tracker monitors withdrawals or redemptions from them.

The coming days will be crucial for Bitcoin. Stay tuned to Coinpedia for fresh updates!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Why BlackRock Is Not Filing XRP ETF?

Ripple News Today, April 26th: While XRP ETFs are beginning to attract institutional interest, BlackRock,…

April 26, 2025

XRP ETF News: Brazil World’s First Spot XRP ETF – XRPH11 is Now Live!

XRP News Today, April 26th : Brazil has officially launched the world’s first spot XRP…

April 26, 2025

DeFi Development Corp Files Form S-3 With U.S. SEC to Raise $1B To Purchase Solana (SOL)

DeFi Development Corp follows a similar approach to SOL Strategy to issue debt securities to…

April 26, 2025

Kraken Exchange to List Cardano-based Memecoin Snek on April 28: SNEK Price Gains Over 16%

The listing of SNEK on Kraken is a massive gain for the wider Cardano ecosystem.…

April 26, 2025

Uniswap (UNI) Price Forecast: Dead Cat Bounce or Momentum Shift Ahead?

UNI price has largely followed Ethereum price action in the ongoing wider crypto recovery. The…

April 26, 2025

Sui’s Skyrocketing Trend Now Eyes $5 Breakout: What’s Next for SUI Price?

Sui’s token price has been on a strong rally over the past few days. While…

April 26, 2025