On Monday, U.S. Bitcoin exchange traded funds (ETFs) saw a huge outflow of $541 million, as traditional investors appeared to de-risk their investments before the U.S. Presidential Election. This election-related outflow is nearly the largest outflow that Bitcoin ETFs have seen since their creation, only topped by an outflow of $563.7 million on May 1, amid Bitcoin’s price experiencing a significant drop.
In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund to see inflows on Monday, bringing in $38.4 million while every other fund either stood still or saw significant outflows.
