Bitcoin ETFs See Massive Outflows Ahead of Election Day

Quick Summary:

US spot Bitcoin ETFs saw massive outflows on November 4th, with investors withdrawing $541 million in a single day.

This marks the second-largest single-day outflow since these funds launched, just behind the $563 million outflow on May 1st.

Fidelity’s FBTC fund was hit particularly hard, with $170 million in withdrawals, its second-biggest daily outflow ever.[…]

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: India

Topics: Market News Market Bitcoin ETF Cryptocurrency ETFs News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:20:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 141 words

Reading Time: 1 minutes read

Sentences: 54 lines

Sentence Length: 3 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23435610

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 16 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #124

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