#binance #hype #zec #near
01/12/25 11:39 UTC-04

Capital outflow from Bitcoin exchange-traded funds hits a new anti-record

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Exchanges Capital outflow from Bitcoin exchange-traded funds hits a new anti-record

According to SoSoValue, since October 31 more than $4.34 billion has been withdrawn from Bitcoin-linked ETFs. The net outflow from the largest crypto fund, BlackRock’s IBIT, amounted to $2.34 billion over the month. On November 18, the fund recorded its largest daily outflow since launch — $523 million.

Nick Ruck, director of the consulting firm LVRG Research, explained that after Bitcoin reached a new all-time high above $126,000, major investors wanted to lock in profits. Toward the end of the year, they may rebalance their portfolios, and this does not mean a loss of confidence in Bitcoin-based products, the LVRG director emphasized.

However, ahead of Thanksgiving in the U.S., a three-day inflow into Bitcoin ETFs was recorded. On November 28, the total inflow into U.S. Bitcoin exchange-traded funds amounted to $57.71 billion. Analysts noted that open interest in Bitcoin futures continues to grow.

Spot ETFs based on Ethereum also recorded a monthly net outflow of $1.42 billion. This is the largest figure ever, despite an inflow during the final five days of the month.

Meanwhile, investors are directing capital into recently launched exchange-traded funds linked to SOL and XRP. The total inflow into XRP ETFs since their launch amounted to $666 million. Last month, ETFs based on Litecoin and Hedera launched by Canary Capital received $7 million and $36 million respectively.

According to Ruck, the new spot altcoin ETFs attracted a moderate inflow, given the increased market volatility. This indicates that institutional investors remain focused on Bitcoin and Ethereum-tracking funds until regulatory clarity around cryptocurrencies is established.

See also: "XRP reserves on the Binance crypto exchange have fallen to 2.7 billion tokens"

#Bitcoin (BTC) #ETF

Editor: Yulia Krasnaya
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