US spot Bitcoin exchange-traded funds saw their busiest trading session ever, reaching $11.5 billion in combined trading volume on November 21. The surge in activity is attributed to market adjustments following the recent sector selloff. BlackRock’s IBIT led the surge with $8 billion in turnover, while other ETFs like Fidelity’s FBTC saw net inflows of over $238 million. Despite the inflows, the 12 Bitcoin investment vehicles are facing their worst trading month with net outflows exceeding $3.5 billion. The average spot Bitcoin ETF holder is now in the red, with Bitcoin’s recent drop below $91,725 causing unrealized losses for most holders. The cryptocurrency fell 12% this week to $80,000 before recovering to $84,431, extending a month-long slide and reflecting a risk-off sentiment across digital assets.

Read more at Yahoo Finance: Bitcoin ETFs Hit Record $11.5 Billion Volume as Most Investors Slip Into Losses