Bitcoin ETFs see net outflows of $4.57 billion over past two months…worst on record

Spot Bitcoin (BTC) exchange-traded funds (ETFs) listed in the United States experienced the worst capital outflows on record last year.

According to crypto-focused media outlet CoinDesk on the 2nd (KST), 11 US-listed spot Bitcoin ETFs recorded total net outflows of $4.57 billion during November and December. November and December saw net outflows of $3.48 billion and $1.09 billion, respectively. This is the largest net outflow since the ETFs were first launched in January 2024.

The large-scale net outflows are believed to be underpinned by Bitcoin's weakness. After a large-scale futures market liquidation event on October 10, Bitcoin has declined by about 20% or more from its peak.

During the same period, spot ETFs backed by Ethereum (ETH), the leading altcoin, also recorded net outflows of $2 billion.

Vikram Subburaj, CEO of Geotus, said, "ETF outflows and ongoing liquidations are affecting the market, but this is a picture of a market finding balance," adding, "Investors with weak sentiment are stepping back at year-end, and investors with strong financial positions are absorbing supply."