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


Main asset administration companies reported important outflows in Bitcoin ETFs following over $3 billion in inflows since Oct. 23. On Nov. 1, BlackRock’s IBIT confirmed no change, whereas Grayscale’s GBTC decreased by $5.5 million. By Nov. 4, BlackRock’s IBIT registered an influx of $38.4 million, whereas Grayscale’s GBTC noticed an outflow of $63.7 million.

Firms like Constancy’s FBTC and Ark’s ARKB additionally skilled notable actions. Ark’s ARKB decreased by $24.1 million on Nov. 1 and confronted an outflow of $138.3 million by Nov. 4. Constancy’s FBTC had outflows of $25.6 million and $169.6 million on Nov. 1 and 4, respectively.

Bitcoin ETFs (Supply: Farside Traders)

Bitcoin at present trades at $68,813.50, 7% under its all-time excessive of $73,686.93. Its market capitalization is $1.36 trillion, and its 24-hour buying and selling quantity is $42.2 billion. In response to CryptoSlate knowledge, Bitcoin’s market dominance is 60.7%.

The put up Bitcoin ETFs see $540 million outflow amid elevated US Election volatility appeared first on CryptoSlate.



Source link

Related articles

Future ETH Value Dips May Be Nice Purchase Alternatives

Key takeaways:Rising spot ETH ETF inflows and BlackRock’s accumulation sign robust institutional investor curiosity, supporting a bullish outlook.A dip to $2,100 could possibly be a strategic entry level, bolstered by tokenized AUM surpassing...

Forexlive Americas FX information wrap 13 Jun: Markets are in flux as Israel and Iran lob bombs

The U.S. greenback moved larger in a single day (and coming into the US session), pushed by basic flight-to-safety flows following Israel's strike on Iran. Nevertheless, U.S. yields didn't observe the standard script—as...

Meta's Scale AI deal dwarfs rivals' "reverse acquihires" in scope and ambition, exhibiting that its worry of lagging in AI outweighs fears of regulatory...

Jackie Davalos / Bloomberg: Meta's Scale AI deal dwarfs rivals' “reverse acquihires” in scope and ambition, exhibiting that its worry of lagging in AI outweighs fears of regulatory backlash  —  Tech Throughout the...

2025 Mini-Soccer Match Kicks Off in Ypsonas, Limassol

When spreadsheets give method to sliding tackles, you realize it’s time for FXCubic’s annual soccer custom. Monetary companies from around the globe are gathered in Limassol for a soccer event that blurs the road between...

Chevron, Halliburton develop new clever fracturing course of

Chevron and Halliburton have collectively developed a brand new course of that allows...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com