TechFlow news, November 21 — According to The Block, a recent analysis report from JPMorgan reveals that the ongoing correction in the crypto market this November has been primarily driven by retail investors selling Bitcoin and Ethereum ETFs, rather than native crypto traders. Data shows that retail investors have withdrawn approximately $4 billion from crypto ETFs this month, surpassing the previous historical record set in February.
Notably, retail enthusiasm for stock ETFs remains strong, with about $96 billion flowing into equity ETFs in November. If the current pace continues, the total could reach $160 billion by month-end, matching levels seen in September and October. This suggests investors continue to treat crypto assets as distinct from traditional equities, and the crypto market correction does not indicate a broad pessimistic shift among retail investors toward risk assets overall.
