According to ChainCatcher, citing Forbes, US-listed Bitcoin spot ETFs have seen outflows of $3.7 billion, surpassing the previous record of $3.6 billion set in February. Bitcoin, a bellwether for the crypto market, has fallen more than 35% from its October high of $126,000, hitting a low of $80,000 on November 21, its lowest level since April.
The entire crypto market began a sharp decline in October, with a rate of drop approaching that of the FTX crash (2022). Ethereum-related ETFs also saw outflows of over $1.6 billion in November. Last week, the total market capitalization of global crypto assets fell below $3 trillion for the first time since April.
