US Spot Bitcoin ETFs See $1.04 Billion in Net Outflows Over Two Trading Days
Summary
- US spot Bitcoin ETFs recorded total net outflows of $1.04 billion over the past two trading days.
- The outflows came amid uncertainty surrounding the Binance hack and the US midterm elections.
- Market participants cite security concerns stemming from the Binance hack and uncertainty over the midterm elections as factors affecting investor sentiment.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds recorded total net outflows of $1.04 billion over the past two trading days.
Cointelegraph, a cryptocurrency-focused media outlet, reported on Nov. 3 that aggregate flows for US spot Bitcoin ETFs showed $1.04 billion in net outflows during the latest two-session period.
The outflows came amid uncertainty surrounding the Binance hack and the US midterm elections.
Market participants cite security concerns linked to the Binance hack and uncertainty over the midterm elections as factors weighing on investor sentiment.
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