On the first trading day of the week, there is a significant outflow of funds from Bitcoin funds. The largest losses were recorded by the FBTC fund from Fidelity — about $169.6 million. It is followed by ARKB from Ark and 21Shares with losses of $118.26 million, while Bitwise withdrew $79.84 million. Grayscale funds also reported withdrawals: $63.66 million and $89.49 million were withdrawn from GBTC and Mini Bitcoin Trust, respectively. The only fund that recorded a net inflow of funds was IBIT from BlackRock with $38.42 million.
Analysts believe that the further dynamics of the market may depend on the results of the presidential elections in the USA. If the results are favorable for cryptocurrencies, a recovery in investment inflows may occur. Otherwise, in the event of increased regulation, the outflow may continue.
