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After record inflows last week, the bullish momentum for U.S. spot 
Bitcoin ETFs hit a roadblock with big outflows yesterday, November 25th.
What’s the scoop?
- The Context: U.S. spot bitcoin ETFs recorded $438 million in net outflows on Monday, ending a five-day streak that had drawn $3.4 billion in inflows.
- Top Movers: Bitwise's BITB led the outflows with $280 million, followed by Grayscale's GBTC ($158.2M) and Fidelity's FBTC ($134.7M). In contrast, BlackRock's IBIT remained the top performer with $267.8 million in inflows.
Bankless take:
The first significant outflows from bitcoin ETFs in nearly a week could signal profit-taking after a sustained rally that pushed BTC near the $100,000 milestone.
While BlackRock’s IBIT continues to attract strong inflows, broader outflows suggest some investors are positioning more cautiously amid market consolidation. In the meantime, keep an eye on BTC’s next test of the $100,000 mark—it could set the tone for the broader market heading into 2025.
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