Which ETFs reported record outflows?

TLDR

US spot Bitcoin ETFs, led by BlackRocks iShares Bitcoin Trust (IBIT), saw record net outflows in November, with category losses around $3.7 billion and IBITs monthly exodus near $2.2 billion (report, update).

1. Bitcoin ETFs: record monthly outflows near $3.7B (report).
2. BlackRock IBIT: monthly outflows about $2.2B and a single-day $523M pull (update, analysis).
3. Ethereum ETFs: November losses of more than $1.6B (report).

Deep Dive

1. Category-Level Record

The US spot Bitcoin ETF complex posted a record month of net outflows around $3.7 billion, topping the prior high from February. This is framed as the worst month since inception for category flows and aligns with the broader market drawdown (report).

2. BlackRock IBIT Specifics

BlackRocks iShares Bitcoin Trust (IBIT) is cited with approximately $2.2 billion in monthly outflows and a notable single-day outflow of $523 million, highlighting concentrated selling pressure in the largest fund (update, analysis).

• Additional context shows weekly net outflows across spot BTC ETFs reaching $1.22 billion for the week ended Nov 21 (market update).

3. Ethereum ETFs Also Bled

ETFs tracking Ethereum reported more than $1.6 billion in net outflows in November, alongside the BTC categorys record prints, reinforcing the cross-asset pressure in major crypto exposures (report).

Conclusion

Record outflows were reported across US spot Bitcoin ETFs, with IBIT standing out by size, and Ethereum ETFs also posted sizable redemptions. The key takeaway is that institutional exposure has been shrinking; a durable turn likely needs a clear sequence of net inflow days, ideally led by IBIT, before risk appetite improves.