The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history.
United States-based Bitcoin exchange-traded funds (ETFs) have recorded their second-biggest day of outflows in history, just a day before the country heads into a tightly contested election.
The 11 spot Bitcoin (BTC) ETFs saw a net outflow of $541.1 million on Monday, Nov. 4, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) the only one to secure inflows of $38.4 million, per Farside Investors.
It is the largest outflow day the ETFs have seen outside of May 1, when the ETFs registered $563.7 million in outflows after Bitcoin fell 10.7% over a week to $60,000.
