U.S. Spot Bitcoin ETFs See Second-Largest Outflow of $540.91M on November 4

Quick Summary:

Spot Bitcoin ETFs Highlight Market Sentiment Shift On November 4, 2024, U.S.spot Bitcoin ETFs witnessed a massive $540.91 million in net outflows, marking the second-largest outflow since their inception.

Record Outflows in U.S.

The outflows from Bitcoin ETFs could reflect strategic rebalancing in anticipation of new market conditions in the upcoming year.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin News U.S. Spot Bitcoin ETF Outflows U.S. spot Bitcoin ETFs Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 07:51:20 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 883 words

Reading Time: 5 minutes read

Sentences: 44 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23425841

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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