[Spot Bitcoin ETF sees $3.5 billion outflow in November, marking the largest monthly outflow since February] According to SoSoValue data, U.S. spot Bitcoin ETFs recorded a net outflow of $3.5 billion in November, marking the largest monthly negative flow since February this year. Starting from October 31, Bitcoin ETFs experienced four consecutive weeks of net outflows, with a total outflow amounting to $4.34 billion. However, in the last three days of November, leading up to Thanksgiving in the U.S., the trend reversed to net inflows. Among them, BlackRock's IBIT, the largest Bitcoin ETF by net asset size, saw an outflow of $2.34 billion in November and recorded its largest single-day outflow since inception on November 18, amounting to $523 million. Nick Ruck, director at LVRG, stated that this outflow primarily reflects institutional profit-taking after Bitcoin reached an all-time high and year-end portfolio adjustments, rather than a loss of confidence. Additionally, U.S. spot Ethereum ETFs saw a net outflow of $1.42 billion in November, marking the largest monthly outflow in history. Meanwhile, newly launched spot ETFs for Solana, XRP, and others continued to record net inflows, with the XRP ETF accumulating $666 million in inflows. Grayscale plans to launch the first U.S. spot Chainlink ETF this week, further expanding its crypto product lineup.