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US Bitcoin ETFs Record Second-Biggest Daily Outflows Ahead of Election

US Bitcoin ETFs Record Second-Biggest Daily Outflows Ahead of Election

CointimeCointime2024/11/05 05:34
By:Cointime

on the day before the fiercely contested US election, the Bitcoin Exchange Traded Fund (ETF) in the United States experienced the second largest single-day outflow of funds in history. Based on data from Farside Investors, on Monday, November 4th, the ETF had a net outflow of $541.1 million, with BlackRock's iShares Bitcoin Trust ETF (IBIT) being the only ETF to receive a $38.4 million inflow.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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