PANews reported on December 1st that, according to SoSoValue data, US spot Bitcoin ETFs recorded a net outflow of $3.5 billion in November, marking the largest monthly negative outflow since February of this year. Since October 31st, Bitcoin ETFs had experienced net outflows for four consecutive weeks, totaling $4.34 billion. However, in the last three days of November, leading up to Thanksgiving in the US, they turned to net inflows.

Among them, BlackRock's IBIT, the largest Bitcoin ETF by net asset value, saw outflows of $2.34 billion in November, with the largest single-day outflow since its inception reaching $523 million on November 18. Nick Ruck, director of LVRG, stated that this outflow mainly reflects institutional profit-taking after Bitcoin reached its all-time high and year-end portfolio adjustments, rather than a loss of confidence.

In addition, the US spot Ethereum ETF saw a net outflow of $1.42 billion in November, the largest monthly outflow on record. Meanwhile, newly launched spot ETFs such as Solana and XRP continued to record net inflows, with the XRP ETF alone seeing a cumulative inflow of $666 million. Grayscale plans to launch the first US spot Chainlink ETF this week, further expanding its cryptocurrency product lineup.