On the eve of the general election, the U.S. Bitcoin ETF recorded the second largest daily outflow of funds
On the day before the fiercely competitive elections in the United States, the Bitcoin Exchange Traded Fund (ETF) in America recorded its second largest single-day outflow in history. According to data from Farside Investors, on Monday, November 4th, ETFs had a net outflow of $541 million USD. Among them, BlackRock's iShares Bitcoin Trust ETF (IBIT) was the only one that received an inflow of $38.4 million USD.
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November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.