Net outflows from United States-based spot Bitcoin exchange-traded funds (ETFs) surged to $438.37 million on Nov. 25, marking the highest single-day fall since US election day on Nov. 6.
The sharp reversal follows strong inflows earlier in November, including a record-breaking $1 billion in daily net inflows on Nov. 21, according to data from crypto tracking platform Sosovalue. However, the latest stats point to a shift in market sentiment.
The crypto tracking platform reveals that spot Bitcoin (BTC) ETFs have maintained a net inflow of $30.4 billion as of Nov. 25, driven by institutional interest.
As a gateway for institutional and retail investment into cryptocurrencies like BTC, the outflows and inflows of ETFs — particularly spot Bitcoin ETFs — affect both liquidity and the stability of BTC and the broader crypto market.
Spot Bitcoin ETFs flows as of Nov. 25. Source: Sosovalue
Related: Bitcoin‘s $93K dip could be ‘last flush’ before the rush: Analysts
Biggest outflow since Trump win
The $438.37 million outflow signals a stark shift from the positive momentum following Donald Trump’s reelection, which sparked optimism in the crypto industry.
After the election results, the BTC price surged to a new high of around $99,655 on Nov. 22, which, in light of the sharp outflows on Nov. 25, has fallen to around $92,000 — losing over 7% as profit-taking occurs.
BTC price one day chart depicting the assets fall to almost $92,000. Source: CoinMarketCap
Related: Coin Center warns US policies could scare away crypto investors despite Trump win
Total Bitcoin ETFs sheds $5 billion
The total net assets under management for spot Bitcoin ETFs have fallen to around $102.23 billion from its height of $107.49 billion on Nov. 22.
Despite the pullback and resulting plunge toward $92,000, the share of BTC held by ETFs remains fairly significant, with institutions accounting for over 5% of the crypto market’s capitalization.
Total spot Bitcoin ETFs net inflows and historical data. Source: Sosovalue
Related: Bitcoin ETFs hit new record with over $3.1B in weekly inflows
Spot Bitcoin ETFs hit new inflow record
On the week of Nov. 18–22, US-based spot Bitcoin ETFs witnessed net inflows of $3.38 billion, according to Sosovalue data — setting a 102% increase over the previous week’s net inflows of $1.67 billion.
The record high marks the biggest weekly net inflow amount for spot Bitcoin ETFs and marks the seventh consecutive week of positive flows — where inflows exceed outflows.
Despite the volatile turn as of Nov. 25, BlackRock’s iShares Bitcoin Trust continues to lead with net assets at $47.03 billion and cumulative net inflows of $31.6 billion.
Magazine: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex