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Bitcoin ETFs See First Outflows in Days as BTC Pulls Back

On the heels of huge inflows, U.S. spot Bitcoin ETFs saw $438M in outflows yesterday.

Nov 26, 2024 • 1 min read

After record inflows last week, the bullish momentum for U.S. spot Bitcoin ETFs hit a roadblock with big outflows yesterday, November 25th.

What’s the scoop?

The Context: U.S. spot bitcoin ETFs recorded $438 million in net outflows on Monday, ending a five-day streak that had drawn $3.4 billion in inflows.
Top Movers: Bitwise's BITB led the outflows with $280 million, followed by Grayscale's GBTC ($158.2M) and Fidelity's FBTC ($134.7M). In contrast, BlackRock's IBIT remained the top performer with $267.8 million in inflows.

Bankless take:

The first significant outflows from bitcoin ETFs in nearly a week could signal profit-taking after a sustained rally that pushed BTC near the $100,000 milestone.

While BlackRock’s IBIT continues to attract strong inflows, broader outflows suggest some investors are positioning more cautiously amid market consolidation. In the meantime, keep an eye on BTC’s next test of the $100,000 mark—it could set the tone for the broader market heading into 2025.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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