Bitcoin ETFs Face Second-Largest Outflow Day Amid Election Jitters 💸
On November 4, investors withdrew a significant $541.1 million from U.S. Bitcoin ETFs, making it the second-largest outflow in the history of these financial instruments.
This major withdrawal is primarily attributed to the growing economic and political uncertainties surrounding the upcoming U.S. elections, influencing market sentiment and investor decisions.
Such substantial outflows may indicate heightened investor caution and concern about potential election outcomes affecting the cryptocurrency markets.
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