Spot Bitcoin ETFs see $438M outflows — biggest since US election

Net outflows from United States-based spot Bitcoin exchange-traded funds (ETFs) surged to $438.37 million on Nov. 25, marking the highest single-day fall since US election day on Nov. 6.

The sharp reversal follows strong inflows earlier in November, including a record-breaking $1 billion in daily net inflows on Nov. 21, according to data from crypto tracking platform Sosovalue. However, the latest stats point to a shift in market sentiment.

The crypto tracking platform reveals that spot Bitcoin ETFs have maintained a net inflow of $30.4 billion as of Nov. 25, driven by institutional interest.

As a gateway for institutional and retail investment into cryptocurrencies like BTC, the outflows and inflows of ETFs — particularly spot Bitcoin ETFs —  affect both liquidity and the stability of BTC and the broader crypto market.

United States, Elections, Donald Trump, Bitcoin ETF, BlackRock, ETF, US Elections 2024
Spot Bitcoin ETFs flows as of Nov. 25. Source: Sosovalue

Biggest outflow since Trump win

The $438.37 million outflow signals a stark shift from the positive momentum following Donald Trump’s reelection, which sparked optimism in the crypto industry.

After the election results, the BTC price surged to a new high of around $99,655 on Nov. 22, which, in light of the sharp outflows on Nov. 25, has fallen to around $92,000 — losing over 7% as profit-taking occurs.

United States, Elections, Donald Trump, Bitcoin ETF, BlackRock, ETF, US Elections 2024
BTC price one day chart depicting the assets fall to almost $92,000. Source: CoinMarketCap

Total Bitcoin ETFs sheds $5 billion

The total net assets under management for spot Bitcoin ETFs have fallen to around $102.23 billion from its height of $107.49 billion on Nov. 22.

Despite the pullback and resulting plunge toward $92,000, the share of BTC held by ETFs remains fairly significant, with institutions accounting for over 5% of the crypto market’s capitalization.

United States, Elections, Donald Trump, Bitcoin ETF, BlackRock, ETF, US Elections 2024
Total spot Bitcoin ETFs net inflows and historical data. Source: Sosovalue

Related: Bitcoin ETFs hit new record with over $3.1B in weekly inflows

Spot Bitcoin ETFs hit new inflow record

On the week of Nov. 18–22, US-based spot Bitcoin ETFs witnessed net inflows of $3.38 billion, according to Sosovalue data — setting a 102% increase over the previous week’s net inflows of $1.67 billion.

The record high marks the biggest weekly net inflow amount for spot Bitcoin ETFs and marks the seventh consecutive week of positive flows — where inflows exceed outflows.

Despite the volatile turn as of Nov. 25, BlackRock’s iShares Bitcoin Trust continues to lead with net assets at $47.03 billion and cumulative net inflows of $31.6 billion.

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