ETF funds in the USA have faced a record capital outflow, totaling $3.79 billion. This amount surpassed the previous record of $3.56 billion from February and highlights the growing aversion of investors to leading cryptocurrencies, according to CoinDesk. The world’s largest fund, BlackRock IBIT, experienced withdrawals exceeding $2 billion this month, making it the main contributor to the overall ETF losses.

Single-day outflows are equally significant. On Thursday, funds faced withdrawals over $900 million, marking the second-largest single-day outflow since these funds debuted in January 2024. ETH ETFs also experienced record outflows of $1.79 billion, signaling reduced investor confidence in both major cryptocurrencies, according to market data from Coinglass.

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Analysis of ETF outflows

According to the table from Farside, it is clear that BlackRock IBIT recorded the largest withdrawals in November, including $523.2 million on November 18 and $355.5 million on November 20. Fidelity FBTC and Bitwise BITB also faced significant outflows, with some days showing withdrawals exceeding $350 million. ARK, Invesco, and other funds experienced variable outflows, often only symbolic, but cumulatively contributed to the historic monthly outflow.

These data confirm that investors responded quickly to market conditions and preferred to liquidate exposure to BTC and ETH ETFs. On the other hand, new Solana and XRP ETFs attracted new funds, which could signal a shift in market dynamics. For traders, it is crucial to monitor how these outflows and inflows affect price stability and short-term market sentiment.

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