Bitcoin spot ETF funds in the United States recorded a net outflow of $541 million on Monday, marking the largest outflow in a single day since May 1 and the second-largest outflow since trading began in January.

Earlier last week, these ETF funds saw inflows reaching up to $2.22 billion, one of the largest weekly net increases ever.

"With record inflows last week, a correction is understandable as investors take profits and rebalance portfolios in preparation for market volatility," said Rachael Lucas, a cryptocurrency analyst at BTCMarkets. "This timing may be related to the upcoming results of the U.S. elections, as many investors adopt a 'wait and see' strategy amid geopolitical and policy uncertainties."

Yesterday, 8 Bitcoin spot ETF funds witnessed net outflows, with Fidelity's FBTC fund recording a net outflow of $169.6 million, marking the second-largest outflow in a single day since its launch, according to data from SoSoValue.

Source: SoSoValue

ARKB fund from Ark and 21Shares recorded a net outflow of $138.26 million, while Bitwise's BITB fund lost $79.84 million. Grayscale's GBTC fund and Mini Bitcoin Trust also reported net outflows of $63.66 million and $89.49 million, respectively. Funds from Franklin Templeton, VanEck, and Valkyrie also saw net outflows on Monday.

BlackRock's IBIT fund, the largest spot Bitcoin fund by net assets, was the only fund to record inflows, with an increase of $38.42 million.

Twelve Bitcoin ETF funds traded approximately $2.22 billion yesterday, compared to $3.09 billion on Friday. The current net cash flow of these funds stands at $23.61 billion.

"In the coming period, inflows into ETF funds may be affected by election results," Lucas told The Block. "If the results indicate a politically friendly environment for cryptocurrencies, we may see new inflows and a shift in sentiment towards optimism. Conversely, if there are signs of increased regulatory scrutiny, particularly from the Democratic Party, outflows may continue as investors react cautiously."

Bitcoin price has fluctuated around $68,000 in the past 24 hours and is currently stabilizing around $68,500 at the time of writing, according to the Bitcoin Magazine Price List. Following the U.S. presidential election results, the Federal Open Market Committee meeting will be held.

Ethereum ETF recorded the largest net outflow in six weeks. Meanwhile, Ether spot ETF funds also saw net outflows on Monday, with $63.22 million withdrawn from the funds. This is the largest net outflow in a single day since September 23.

The outflows mainly came from Fidelity's FETH fund and Grayscale's Mini Ethereum Trust, both recording net withdrawals over $31 million. Grayscale's ETHE fund also experienced a net outflow of $10.8 million. BlackRock's ETHE fund was the only fund with inflow on Monday, with an increase of $11 million.

Trading volume for nine Ether spot ETF funds dropped to $149.11 million yesterday, down from $169.11 million on Friday. The total current net outflow of these funds stands at $554.66 million.

Source: https://tapchibitcoin.io/bitcoin-etf-bi-rut-rong-541-trieu-usd-lon-nhat-ke-tu-thang-5.html