Bitcoin Funds Head for Worst Month as $3.5 Billion Pulled

A cryptocurrency exchange in Barcelona. Exchange-traded funds investing in Bitcoin are heading for their worst month of outflows since launching nearly two years ago, piling yet more pressure on a jaded crypto market. Most Read from Bloomberg Investors have pulled $3.5 billion from the US-listed Bitcoin ETFs so far in November, almost equaling the previous monthly record for outflows of $3.6 billion set in February, according to data compiled by Bloomberg. BlackRock Inc.’s Bitcoin fund IBIT, which accoun ...