US-based spot Bitcoin and Ethereum exchange-traded funds (ETFs) experienced their first net outflow since Donald Trump was elected president on November 5. According to Farside Investors, 11 ETFs recorded a total net outflow of $400.7 million on November 14. Bitcoin (BTC) fell during the day, falling 2% in the last 24 hours to $88,200.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) was the only fund to see positive inflows with $126.5 million in net inflows. Fidelity’s ETF recorded the largest net outflow of $179.2 million.

What do you think about the impact of these developments on the crypto market? Share your thoughts in the comments.