Which ETFs led November outflows?

TLDR

BlackRocks iShares Bitcoin Trust (IBIT) led November outflows among U.S. spot Bitcoin ETFs.

1. IBIT saw about $2.3 billion in net outflows, the largest among issuers (Cointelegraph).
2. U.S. spot Bitcoin ETFs posted roughly $3.43 billion in total November outflows (Investing.com).
3. Other products with notable outflows included ARK 21Shares (ARKB) and Bitwise (BITB), while Fidelity (FBTC) often saw inflows (Yahoo Finance crypto update).

Deep Dive

1. IBITs Heavy Redemptions

IBIT led November redemptions, topping monthly outflows versus peers.

1. IBITs net outflows for the month were about $2.3 billion, with one day marked at $523.2 million out in a single session (Cointelegraph).
2. Other reports framed IBITs November outflow near $2.34 billion, reinforcing its leader status for redemptions (Binance Square summary).

2. Aggregate November Outflows

The month was broadly negative across U.S. spot Bitcoin ETFs.

1. Total U.S. spot Bitcoin ETF outflows were roughly $3.43 billion for November per LSEG data (Investing.com).
2. Despite a late?month rebound in weekly ETP inflows, Bitcoin and Ether were still negative month?to?date, with ETH near $1.4 billion outflows (Cointelegraph).

3. Issuer Divergence

Flows diverged materially by issuer and day.

1. ARKB and BITB registered notable outflows during the period, while FBTC often led daily inflows, highlighting rotation rather than uniform selling (Yahoo Finance crypto update).
2. Mixed prints later in the month showed inflows returning at times even as cumulative November remained negative (Binance Square weekly recap).

Conclusion

IBIT drove Novembers redemptions, and aggregate U.S. spot Bitcoin ETF outflows were heavy, while issuer?level prints showed rotation with some funds still attracting inflows. If daily flows turn positive across leaders like IBIT and FBTC, that would signal improving institutional demand and a better backdrop for liquidity.