📉 Record Outflows Hit U.S. Bitcoin ETFs in November and December**
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced unusually large capital withdrawals in the final two months of 2025, marking the worst period since these funds launched in January 2024. According to market data, the 11 major Bitcoin ETFs saw a **net outflow of about $3.48 billion in November**, followed by an additional $1.09 billion withdrawn in December — totaling roughly $4.57 billion in outflows. ([Binance][1])
This surge in redemptions reflected waning investor demand as Bitcoin prices softened toward the year’s end and many institutions engaged in year-end portfolio rebalancing and tax-loss harvesting. The significant outflows also surpassed previous records for two-month net withdrawals, signaling a cautious or profit-taking stance among some holders. ([Binance][1])
Despite the heavy outflows, some funds saw brief rebounds with fresh inflows late in December as market liquidity modestly improved.
