Spot Bitcoin ETFs See Second-Highest Outflows As Mt. Gox Moves $2.2 Billion In BTC Ahead Of US Election
Spot Bitcoin ETFs registered their second-largest daily outflows on record as Mt. Gox transferred BTC worth $2.2 billion to unmarked addresses as the US election looms. The 11 spot Bitcoin ETFs saw $541.1 million leave their reserves on Nov. 4, according to Farside Investor data . Only the fund belonging to asset management titan BlackRock managed to record inflows on the day, securing inflows of $38.4 million. Invesco’s BTCO and WisdomTree’s BTCW recorded no new flows. Most of the outflows came from Fidelity’s FBTC, with $169.6 million leaving the fund. ARKB suffered the next biggest blow with $138.3 million in outflows. Meanwhile, both of Grayscale’s spot Bitcoin ETFs, GBTC and BTC, posted outflows of $63.7 million and $89.5 million, respectively. Record outflow day for Bitwise, Ark and the Grayscale Mini today https://t.co/mi5P64BP3Q — Farside Investors (@FarsideUK) November 5, 2024 The remaining funds, BITB, EZBC, BRRR, and HODL all saw capital...