Bitcoin Sees Worst January in Nearly Three Years, ETF Records Record $3.7 Billion Outflow in One Month

BlockBeats News, November 26th, according to Forbes, the U.S.-listed Bitcoin spot ETF has seen outflows of $3.7 billion in November, surpassing the record of $3.6 billion set in February of this year. Bitcoin, as a benchmark for the crypto market, has fallen more than 35% from its high of $126,000 on October 12th, hitting a low of $80,000 on November 21st, the lowest level since April.

The entire crypto market started a steep decline in October, with the decline rate approaching the FTX collapse (2022) period. Ethereum-related ETFs also saw outflows of over $1.6 billion in November. Last week, the global cryptocurrency market cap fell below $3 trillion for the first time since April.