Profit-Taking Drives Historic $3.5B Exodus from Spot Bitcoin ETFs

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November witnessed the most significant monthly capital exit from US spot Bitcoin ETFs since February, with net outflows hitting $3.48 billion.

This trend, spanning most of the month, reversed briefly ahead of Thanksgiving. “These outflows reflect institutional profit-taking after Bitcoin’s rally and year-end portfolio rebalancing, not a fundamental loss of confidence,” commented Nick Ruck of LVRG.

He noted that cumulative inflows remain strongly positive at $57.71 billion, indicating sustained institutional interest in Bitcoin.