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Bitcoin ETF Outflows to $541 Million

The US spot Bitcoin (BTC) ETF saw its second-largest single-day outflow since its launch, with investors pulling out $541 million on November 4, according to data from Farside Investors. The heavy outflows from Bitcoin ETFs have raised concerns as financial markets anticipate political and economic shifts.

Many major firms such as ArkInvest and Bitwise suffered losses with outflows of $138 million and $80 million, respectively. In contrast, BlackRock’s IBIT, reported around $38 million in net inflows.

Analysts are predicting high volatility in Bitcoin as the election approaches. This is likely to trigger a “sell-the-news” reaction, similar to past incidents where market participants reacted strongly to major news, causing price fluctuations.

Historically, Bitcoin has shown significant price increases after US elections. For example, after the 2012, 2016, and 2020 elections. This trend shows the potential for Bitcoin to strengthen after elections, regardless of which candidate wins.