US Spot Bitcoin ETFs See $1.22 Billion in Outflows as Weekly Decline Extends to Four Weeks

US spot bitcoin exchange-traded funds recorded $1.22 billion in net outflows for the week ended November 21, marking the fourth consecutive week of withdrawals and bringing four-week cumulative outflows to $4.34 billion. BlackRock's IBIT saw $1.09 billion in weekly outflows, its second-largest decline on record. The withdrawals coincided with bitcoin falling from $95,600 to approximately $82,200 during the week, according to SoSoValue data.