Spot Bitcoin ETFs just proved they are the new price-setters.
November’s sell pressure didn’t weaken their influence; it confirmed it.
U.S. spot Bitcoin ETFs posted $3.48B in net outflows for the month, their weakest since February.
➣ Cumulative Bitcoin ETF net inflows: $57.7B
➣ Bitcoin ETF AUM: $119.4B (6.6% of BTC mcap)
➣ November Bitcoin ETF outflows: $3.48B
➣ November Ethereum ETF outflows: $1.42B (record)
➣ IBIT November outflows: $2.34B ($523M in a single day)
➣ New altcoin ETFs ($XRP, $SOL, $LTC): steady weekly inflows
The outflows triggered the $BTC dip, and that’s the point.
ETFs now drive the marginal price in both directions.
When they buy, $BTC rallies.
When they sell, $BTC corrects.
Dominance is not about always pumping the market.
It is about being the flow that the market must follow.
That is how a mature ETF regime asserts itself.
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