BlackRock leads near $3B Bitcoin November ETF exodus with record $523M outflows

US Bitcoin ETFs are nearing $3 billion in November outflows as a fresh death cross, fading Fed rate cut odds, and smart money shorts weigh on sentiment.

Bitcoin exchange-traded funds (ETFs) are closing in on $3 billion in net outflows for November, putting the products on track for their worst month yet after BlackRock’s fund logged its biggest day of redemptions on record.

US spot Bitcoin (BTC) ETFs extended their five-day losing streak Tuesday, logging another $372 million in net negative outflows, according to Farside Investors.

BlackRock’s iShares Bitcoin Trust (IBIT) ETF recorded $523 million in outflows, marking its largest day of outflows since its debut in January 2024.

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