{"id":141513,"date":"2024-11-06T11:30:15","date_gmt":"2024-11-06T09:30:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141513"},"modified":"2024-11-06T11:17:58","modified_gmt":"2024-11-06T09:17:58","slug":"blackrock-bitcoin-etf-sees-outflows-as-u-s-election-results-fuel-market-volatility","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrock-bitcoin-etf-sees-outflows-as-u-s-election-results-fuel-market-volatility\/","title":{"rendered":"BlackRock Bitcoin ETF Sees Outflows as U.S. Election Results Fuel Market Volatility"},"content":{"rendered":"

The outflow came as institutional investors appeared to adopt a risk-averse strategy following the U.S. election. This was the ETF\u2019s first outflow since October 10, when $10.8 million was withdrawn.<\/p>\n

\"\"<\/a><\/p>\n

The broader trend saw U.S. spot Bitcoin<\/a> <\/strong>ETFs collectively lose $116.8 million, with the Fidelity Wise Origin Bitcoin Fund leading the losses at $68.2 million. In contrast, the Bitwise Bitcoin ETF was the only one to post an inflow, attracting $19.3 million.<\/p>\n

This marks the third consecutive day of outflows for the U.S. Bitcoin ETFs, which had already faced their second-largest outflow day on November 4, totaling $541.1 million. However, as election results emerged, Bitcoin surged, reaching an all-time high of $75,000.<\/p>\n