US spot Bitcoin ETFs see $904M outflow, second largest on record

U.S. spot Bitcoin ETFs recorded their second-largest net outflow in history on Nov. 20, with a total of $904 million exiting the funds. According to data from Trader T, this figure is second only to the record $937 million outflow seen on Feb. 25. The outflows were led by BlackRock's IBIT ($356 million), Grayscale's GBTC ($199 million), and Fidelity's FBTC ($190 million). No spot Bitcoin ETFs registered net inflows during the day.