{"id":18332,"date":"2024-11-05T11:32:31","date_gmt":"2024-11-05T09:32:31","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-spot-etfs-witness-second-largest-outflow-in-history\/"},"modified":"2024-11-05T11:32:31","modified_gmt":"2024-11-05T09:32:31","slug":"bitcoin-spot-etfs-witness-second-largest-outflow-in-history","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-spot-etfs-witness-second-largest-outflow-in-history\/","title":{"rendered":"Bitcoin Spot ETFs Witness Second Largest Outflow in History"},"content":{"rendered":"<p>On November 4, investors withdrew $541 million from BTC-ETFs. A larger outflow of $561 million was recorded only once before, on May 2, according to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/p>\n<p>The negative trend continued for the second consecutive day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1278.webp\" alt=\"1-1278\" class=\"wp-image-244511\"\/><figcaption class=\"wp-element-caption\">Data:\u00a0SoSoValue.<\/figcaption><\/figure>\n<p>The reversal occurred amid a narrowing lead of Republican candidate Donald Trump over Democratic rival Kamala Harris. The probability of Trump&#8217;s victory is estimated at 61%, down from 66% a week ago. This movement was accompanied by a pullback in bitcoin and its major competitors.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-927.webp\" alt=\"2-927\" class=\"wp-image-244512\"\/><figcaption class=\"wp-element-caption\">Data:\u00a0<a href=\"https:\/\/polymarket.com\/event\/presidential-election-winner-2024?tid=1721030336057\" target=\"_blank\" rel=\"noreferrer noopener\">Polymarket<\/a>.<\/figcaption><\/figure>\n<p>From October 27 to November 2, inflows into cryptocurrency investment funds totaled $2.18 billion. On October 30, BlackRock&#8217;s IBIT received $872 million, surpassing the March peak of $849 million.<\/p>\n<p>On November 4, the sector leader&#8217;s product was the only one to show a positive dynamic, amounting to $38.4 million. Three other instruments showed no changes.<\/p>\n<p>The outflows were distributed as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>FBTC from Fidelity \u2014 $169.6 million;<\/li>\n<li>ARKB from ARK Invest and 21Shares \u2014 $138.3 million;<\/li>\n<li>BTC from Grayscale \u2014 $89.5 million;<\/li>\n<li>BITB from Bitwise \u2014 $79.8 million;<\/li>\n<li>GBTC from Grayscale \u2014 $63.7 million;<\/li>\n<li>HODL from VanEck \u2014 $15.3 million;<\/li>\n<li>BRRR from Valkyrie \u2014 $5.7 million.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-521.webp\" alt=\"3-521\" class=\"wp-image-244513\"\/><figcaption class=\"wp-element-caption\">Data:\u00a0SoSoValue.<\/figcaption><\/figure>\n<p>Cumulative inflows <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">since the approval<\/a> of BTC-ETFs in January have decreased to $23.6 billion.<\/p>\n<p>Bernstein had forecasted that a Trump victory would push bitcoin to $80,000-90,000, while a Harris victory would see it at $50,000.<\/p>\n<p>Options traders have bet on a new high for the leading cryptocurrency by the end of November and increased volatility following the US elections.<\/p>\n<p>Earlier, Tyr Capital and Bitget Research warned of heightened price fluctuations after the announcement of the presidential race results. A similar opinion was presented by Standard Chartered.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 4, investors withdrew $541 million from BTC-ETFs. A larger outflow of $561 million was recorded only once before, on May 2, according to SoSoValue. The negative trend continued for the second consecutive day. Data:\u00a0SoSoValue. The reversal occurred amid a narrowing lead of Republican candidate Donald Trump over Democratic rival Kamala Harris. The probability [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569],"class_list":["post-18332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18332"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18331"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}