Bitcoin ETFs See $3.7B November Outflows, Exceeding February Record

U.S.-listed spot Bitcoin ETFs recorded $3.7 billion in outflows during November, surpassing the previous high of $3.6 billion set in February, Forbes reports. Bitcoin has dropped over 35% from its October peak of $126,000, hitting $80,000 on Nov. 21—the lowest since April. Ethereum ETFs also saw outflows exceeding $1.6 billion in November, while global crypto market capitalization fell below $3 trillion last week for the first time since April, with the decline pace nearing levels seen during the FTX collapse in 2022.