Bitcoin ETF Outflows Surge Amid U.S. Election Day, While Bitcoin Reaches New All-Time High
On November 5, the iShares Bitcoin Trust (IBIT) experienced its largest outflow since its inception, with a $44.2 million withdrawal. This marked a significant shift as institutional investors appeared to take a “risk-off” approach ahead of the U.S. elections. The outflow also signaled a broader trend across the U.S. spot Bitcoin ETFs, with a combined … Read more