“Valuation-Sensitive” Institutions Pull $3.5B from Bitcoin ETFs in November

“The spot Bitcoin ETF outflows reflect institutional profit-taking… rather than a fundamental loss of confidence,” stated LVRG’s Nick Ruck, contextualizing the $3.48 billion November withdrawal—the largest since February.

Data shows outflows dominated most of the month before a late influx. While Bitcoin and Ethereum funds saw major outflows, newer altcoin ETFs gathered inflows.

The macro picture for Bitcoin remains supported, with total ETF net assets holding at $119.4 billion.