Bitcoin and Ethereum ETFs Bleed Billions in November as Altcoin Funds Gain
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A wave of institutional profit-taking swept through major crypto ETFs in November. US spot Bitcoin ETFs experienced their largest monthly outflow since February at $3.48 billion, while spot Ethereum ETFs saw a record $1.42 billion exit.
In contrast, newly launched Solana, XRP, and other altcoin ETFs attracted net inflows.
Despite the November pullback, the cumulative net inflow for Bitcoin funds remains substantial at $57.71 billion, underscoring the entrenched institutional footprint in Bitcoin.
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