Bitcoin and Ethereum spot ETFs experienced significant outflows in November, marking one of the worst months for cryptocurrency exchange-traded funds this year. The combined outflows reached $3.5 billion, reflecting investor concerns about market volatility and regulatory uncertainty.

Analysts attribute the massive outflows to several factors including increased market volatility, concerns about regulatory changes, and profit-taking by early investors. The Bitcoin ETF saw the majority of outflows, with approximately $2.1 billion leaving the fund, while Ethereum ETFs experienced around $1.4 billion in outflows.

This trend has raised questions about the long-term sustainability of crypto ETF investments and has prompted some investors to reconsider their positions in digital asset funds.