How much November BTC ETF outflows?

TLDR

November net outflows across U.S. spot Bitcoin ETFs were about $3.48 billion per a late?month summary of flows and daily records here.

1. The largest single?day outflow was $903 million on 20 Nov per this recap.
2. BlackRocks IBIT had more than $2.4 billion in November outflows as noted here.
3. November ranked as a second?worst month for spot BTC ETFs by net flows per this market update.

Deep Dive

1. Scale Of Outflows

Flows across U.S. spot Bitcoin ETFs totaled roughly $3.48 billion in net redemptions for November, making it the weakest month since February for these products per the flows recap.

• The month included five consecutive weeks of net withdrawals and a record daily outflow of $903 million on 20 Nov in the same report.
• Market coverage also framed November as the ETFs second?worst month by net outflows in a market update.

2. Issuer Breakdown

BlackRocks iShares Bitcoin Trust (IBIT) saw more than $2.4 billion in outflows by Nov 25, including a single?day withdrawal of $523 million on Nov 18 %%CKPROTECTED0%%.

• Other daily prints show mixed flows across issuers, with some days of inflows late in the month but not enough to offset earlier redemptions as summarized here.

3. Drivers And Context

Coverage attributes the outflows to weaker sentiment, macro uncertainty, and carry?trade unwind fears around Japans policy path that weighed on risk assets, coinciding with Bitcoins slide into early December in this market note.

• The flows pattern fits a broader rotation away from high?beta exposures; late?month sessions did show modest inflows, suggesting stabilization attempts as noted above.

Conclusion

Novembers spot Bitcoin ETF redemptions were large at about $3.48 billion, with notable single?day outflows and broad issuer participation per the flows recap. The pattern aligns with risk?off conditions and macro uncertainty, and monitoring whether net inflows resume consistently is a clean way to gauge sentiment recovery.