VanEck CEO: Many Bitcoin OGs and extreme supporters have been keeping an eye on Zcash.

SEI is starting to gain renewed attention after a series of key technical indicators flipped bullish. According to a well-followed market analyst, the altcoin has triggered TD Sequential buy signals on the daily, weekly, and bi-monthly charts, an alignment that often precedes notable upside moves. The TD Sequential indicator, widely used to detect trend exhaustion, […]

The post US Bitcoin ETFs See Record November Outflows After $903M Hit appeared on BitcoinEthereumNews.com. US spot Bitcoin exchange-traded funds saw another sharp reversal on Thursday, erasing a brief moment of relief earlier in the week. After breaking a five-day outflow streak with $75.4 million in inflows on Wednesday, the funds were hit with fresh redemptions of $903 million Thursday — the biggest outflow day in November and one of the largest single-day outflows since the products were launched in January 2024, according to Farside Investors. The $3.79 billion withdrawal puts November on track to be the worst month on record for US spot Bitcoin (BTC) ETF outflows if the remaining days fail to offset this month’s redemptions.  The figure has already surpassed February’s $3.56 billion, which held the record for the largest monthly outflow since the ETFs debuted. Bitcoin ETF flows, in USD million. Source: Farside Investors BlackRock’s IBIT logs 63% of total outflows in November Investment giant BlackRock’s iShares Bitcoin Trust (IBIT) ETF is the largest driver of the historic November outflows. The product has seen $2.47 billion in net redemptions so far this month, accounting for roughly 63% of the total $3.79 billion withdrawn from all US spot BTC ETFs.  The fund also led this week’s outflows with $1.02 billion. Ki Young Ju, the founder and CEO of analytics platform CryptoQuant, flagged this week’s performance as IBIT’s “largest weekly outflow ever.”  Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed as the second-largest outflow driver in November with monthly outflows of $1.09 billion. Just this week, the issuer has seen $225.9 million withdrawn so far, reflecting moderate but persistent redemptions.  While FBTC’s outflows remain smaller than IBIT’s, both funds contributed to the broader liquidity drain that pushed November past February’s record for the heaviest month of Bitcoin ETF outflows. Together, they account for 91% of total US spot BTC ETF outflows in November.  Related:…