Bitcoin ETF News: Bearish Sentiment Leads to Record $580 Million in Outflows

Quick Summary:

Investors are trimming Bitcoin positions in anticipation of the U.S.presidential election, a likely catalyst behind the spike in outflows and an overall bearish market sentiment.

For investors, the situation underlines the market’s wariness heading into the election, which may bring further volatility depending on the results and subsequent regulatory outlooks for cryptocurrencies.

Ethereum ETFs mirrored Bitcoin’s outflow trend, shedding around $63 million.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: News Bitcoin ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 07:48:17 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23425438

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 20 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #112

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