BlackRock Bitcoin ETF sheds $2.47B in November as outflows hit record $3.79B

XRP has entered a significant growth phase with the launch of Spot XRP ETFs in the United States, generating heightened interest among institutional investors. Market commentator Chad Steingraber has projected that if ETF issuers adopt aggressive accumulation strategies similar to those seen with Bitcoin ETFs, XRP's available supply could diminish rapidly due to increased demand.

During the Devconnect conference in Buenos Aires, Ethereum co-founder Vitalik Buterin expressed serious concerns about the increasing dominance of institutional giants like BlackRock over the cryptocurrency market, particularly focusing on Bitcoin and Ethereum. He highlighted the potential risks this poses to the decentralization and integrity of the crypto ecosystem, as institutional influence grows.

BlackRock has deposited $348 million in Bitcoin and $117 million in Ethereum into Coinbase Prime, indicating a significant move towards integrating digital assets into traditional finance strategies. This development underscores the growing institutional interest in cryptocurrencies.

BlackRock's Bitcoin ETF, the iShares Bitcoin Trust (IBIT), experienced significant outflows in November, shedding $2.47 billion and accounting for 63% of the total $3.79 billion withdrawn from US spot Bitcoin ETFs. This trend reflects growing investor caution amid market volatility.

U.S. Bitcoin spot exchange-traded funds (ETFs) experienced a significant net outflow of $903 million on November 20, marking the second-largest outflow since their inception in January 2024. This decline is largely attributed to major withdrawals from BlackRock and Grayscale, reflecting growing investor caution amid market volatility.

Plume's CEO has projected that Real-World Assets (RWA) will grow 3-5 times by 2026 as the company expands its reach beyond cryptocurrency enthusiasts. This announcement follows a partnership with Securitize, a tokenization platform backed by BlackRock and Morgan Stanley, to deploy institutional-grade assets on Plume’s Nest staking protocol.

Plume's CEO has projected that Real-World Assets (RWA) will grow 3-5 times by 2026 as the company expands its reach beyond cryptocurrency enthusiasts. The announcement follows a partnership with Securitize, a tokenization platform backed by BlackRock and Morgan Stanley, to deploy institutional-grade assets on Plume’s Nest staking protocol.

BlackRock's IBIT has sold $355 million in Bitcoin, indicating significant outflows from major ETFs. This trend may reflect investor caution and could impact market stability and future cryptocurrency investments.