On November 4, the 11 United States spot Bitcoin ETFs observed a significant net outflow amounting to $541.1 million. This event marked their second-largest daily outflow on record, according to historical data.
The movement of funds occurs just before a significant election day, possibly influencing investor behavior or confidence in market conditions.
The data highlights ongoing volatility and investor sentiment dynamics in the evolving cryptocurrency investment landscape, particularly Bitcoin ETFs.
Source: cointelegraph.com ↗