Bitcoin ETFs see $540 million outflow amid increased US Election volatility

Share This Post

Major asset management firms reported significant outflows in Bitcoin ETFs following over $3 billion in inflows since Oct. 23. On Nov. 1, BlackRock’s IBIT showed no change, while Grayscale’s GBTC decreased by $5.5 million. By Nov. 4, BlackRock’s IBIT registered an inflow of $38.4 million, whereas Grayscale’s GBTC saw an outflow of $63.7 million.

Companies like Fidelity’s FBTC and Ark’s ARKB also experienced notable movements. Ark’s ARKB decreased by $24.1 million on Nov. 1 and faced an outflow of $138.3 million by Nov. 4. Fidelity’s FBTC had outflows of $25.6 million and $169.6 million on Nov. 1 and 4, respectively.

Bitcoin ETFs (Source: Farside Investors)
Bitcoin ETFs (Source: Farside Investors)

Bitcoin currently trades at $68,813.50, 7% below its all-time high of $73,686.93. Its market capitalization is $1.36 trillion, and its 24-hour trading volume is $42.2 billion. According to CryptoSlate data, Bitcoin’s market dominance is 60.7%.

The post Bitcoin ETFs see $540 million outflow amid increased US Election volatility appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold?

The post Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold appeared first on Coinpedia Fintech News Solana (SOL) and Dogecoin

ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone

The post ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone appeared first on Coinpedia Fintech News Ethereum’s price faces a crucial resistance zone between

Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025

The post Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025 appeared first on Coinpedia Fintech News Singapore Gulf Bank, backed by Bahrain’s Mumtalakat Sovereign Wealth

Decentraland and Sandbox Targets Unveiled: $1.56 and $2.26 in Sight!

The post Decentraland and Sandbox Targets Unveiled: $156 and $226 in Sight! appeared first on Coinpedia Fintech News With the broader market recovery, the altcoin segment has been set ablaze In this

Bitget Now Supports Bank Transfers in Vietnam via QR Codes

Bitget has announced its integration of bank transfers in Vietnam through QR codes, making it the first exchange to adopt this payment method This new feature allows users to deposit Vietnamese Dong

Top Altcoins to Buy Right Now For 50x Profits This Crypto Bull Run

The post Top Altcoins to Buy Right Now For 50x Profits This Crypto Bull Run appeared first on Coinpedia Fintech News Recently Kyle Doops, host of Crypto Banter’s Trading Show, has revealed many new