U.S. Bitcoin ETFs Experience Two Major Outflows in One Week

On November 20th (Eastern Time), the U.S. Bitcoin spot ETF market recorded a total net outflow of $930 million (approximately 139.5 billion yen), making it the second largest in history (data source: SoSovalue).

The backdrop includes a sharp drop in Bitcoin prices and a retreat in expectations for a Federal Reserve rate cut in December, which appears to have accelerated the outflow from risk assets. The weeks of November 13th ($870 million) and 20th ($930 million) saw two of the largest outflows ever recorded.

Related: U.S. Bitcoin Spot ETFs Record Second Largest Net Outflow as Risk-Off Accelerates

The day with the highest single net outflow...