Bitcoin ETFs Record $2.57B Outflow Through November 17 as IBIT Posts $1.6B Exit

US spot Bitcoin ETFs recorded net outflows of $2.57 billion through November 17, the steepest monthly decline since launch in January 2024. BlackRock's IBIT accounted for $1.6 billion of total redemptions, with its largest single-day outflow of $463.1 million occurring on November 14. Bitcoin fell 14.7% during the period, briefly touching $89,253.78 on November 17 before recovering above $93,000.