Bitcoin ETF Outflows Total $4.34 Billion Amid Market Correction

Bitcoin spot exchange-traded funds (ETFs) experienced their fourth consecutive week of outflows, withdrawing $1.22 billion from the market in the week ended November 21. The total outflow for the month now stands at $4.34 billion, a significant shift from the steady inflows seen earlier this year.

The largest weekly outflow occurred at BlackRock's IBIT fund, which saw $1.09 billion withdrawn during the same period. This represents its second-largest weekly total on record, with only one previous week exceeding it by $80 million. The fund's biggest single-day withdrawal was a staggering $523.15 million last Tuesday.

Not all digital assets experienced outflows, however. Solana ETFs bucked the trend, gaining $128.2 million in inflows for the fourth consecutive week. XRP ETFs also saw significant gains, bringing in $179.6 million during the same period.