BlackRock’s IBIT drives November’s record ETF outflows, bleeding $2.47 billion and accounting for 63% of the $3.79 billion withdrawn from US spot Bitcoin ETFs. 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. Read more
Romania's Finance Ministry raised RON500 million from banks on Thursday (November 20), selling bonds at an annual average yield of 6.90%.
Bitcoin has gained on average in November, but that figure is “skewed” and market participants shouldn’t always rely on it, a crypto executive says. Analysts have questioned whether November deserves its reputation as Bitcoin’s historically “strongest month” after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000. “Historical averages suggest strength, but those numbers are skewed and the current backdrop is anything but normal,” James Harris, the CEO of crypto yield provider Tesseract, told Cointelegraph. Harris said that while the break below the long-term average is noteworthy, it is “not the full picture.” Read more
Romania's Finance Ministry raised RON448 million from banks on Monday (November 17), selling bonds at an annual average yield of 6.91%.