US-based spot Bitcoin ETFs experienced a significant increase in net outflows, reaching $438.37 million on Nov. 25, the largest single-day drop since the US election. It is worth noting that on Tuesday, outflows were reduced to $122.78 million.
This is a significant change from the strong inflows recorded in early November, which included a record $1 billion in daily net inflows on Nov. 21, according to SoSoValue data.
These latest statistics indicate a shift in market sentiment.
Spot Bitcoin ETFs have received total net inflows of $30.4 billion through Nov. 25, driven primarily by institutional interest.
The outflow of $438.37 million is a significant change from the positive trend seen after Donald Trump’s re-election, which had sparked optimism in the crypto sector.
