Bitcoin ETFs Bleed Record $3.79B in November: Is This 2022’s Crypto Winter All Over Again?

Several factors drove the record withdrawals. Here are the four main catalysts:The sell-off rippled across digital assets. Major cryptocurrencies like Ethereum, Solana, XRP, and Binance Coin fell 20% to 35% from their November highs, and 24-hour liquidations of leveraged positions exceeded $2 billion. The crypto market cap dropped below $3 trillion for the first time since early 2023, stoking memories of past collapses.The monthly outflow was concentrated in a handful of funds. BlackRock's iShares Bitcoin T ...