Bitcoin ETFs see $3 billion in November outflows as BTC drops 7%

U.S. spot Bitcoin ETFs recorded nearly $3 billion in net outflows during November, with a single-day record of $903.2 million on November 20. BlackRock's IBIT led withdrawals with $355.5 million, followed by Grayscale's GBTC at $199.35 million. Data from Farside Investors show the outflows coincided with Bitcoin falling 7.35% to $84,432.53.