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. <\/p>\n
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.<\/a>\u2019s Bitcoin fund IBIT<\/a>, which accounts for about 60% of the cohort\u2019s assets, has registered $2.2 billion in redemptions in November, meaning it will slump to its worst month barring a sharp reversal. <\/p>\n","protected":false},"excerpt":{"rendered":"Exchange-traded funds investing in Bitcoin are heading for their worst month of outflows since launching nearly two years…\n","protected":false},"author":3,"featured_media":401266,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[738,7566,16283,64,2174,821,112990,16236,4313,135,153,87442,67,132,68],"class_list":{"0":"post-401265","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-artificial-intelligence","9":"tag-bitcoin","10":"tag-blackrock-inc","11":"tag-business","12":"tag-capital-markets","13":"tag-cryptocurrency","14":"tag-etf","15":"tag-hedge-funds","16":"tag-investing","17":"tag-markets","18":"tag-policy","19":"tag-sam-bankman-fried","20":"tag-united-states","21":"tag-unitedstates","22":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115604615711422851","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/401265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=401265"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/401265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/401266"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=401265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=401265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=401265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}