{"id":2153,"date":"2024-11-05T13:45:06","date_gmt":"2024-11-05T13:45:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2153"},"modified":"2024-11-05T13:45:06","modified_gmt":"2024-11-05T13:45:06","slug":"bitcoin-ethereum-etfs-record-over-600-million-net-outflows-ahead-of-election-day","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2153","title":{"rendered":"Bitcoin, Ethereum ETFs Record Over $600 Million Net Outflows Ahead Of Election Day"},"content":{"rendered":"<div>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41715056\/61-000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst\">spot exchange-traded funds (ETFs)<\/a> experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. <\/p>\n<p>The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs.<\/p>\n<p>Ethereum ETFs also faced significant withdrawals, with $63.2 million in net outflows, indicating a cautious market stance ahead of the U.S. presidential election.<\/p>\n<p><strong>What Happened: <\/strong><a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">Data <\/a>from SoSo Value shows that among Bitcoin ETFs, BlackRock\u2019s <strong>iShares Bitcoin Trust<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) saw inflows of $38.4 million, offering a bright spot in an otherwise bearish day.<\/p>\n<p>In contrast, other funds witnessed substantial outflows, including <strong>Fidelity<\/strong>&#8216;s (CBOE: FBTC), with a $169.6 million exit, and <strong>Ark Invest<\/strong>&#8216;s (CBOE: ARKB), which saw outflows of $138.2 million.<\/p>\n<p>Ethereum ETFs followed a similar pattern of net outflows. <\/p>\n<p><strong>BlackRock<\/strong>\u2018s (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/ETHA#NASDAQ\">ETHA<\/a>) registered the only significant inflow, adding $11 million, data <a ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41743968\/bitcoin-ethereum-etfs-record-over-600-million-net-outflows-ahead-of-election-day\" alt=\"Bitcoin,\" ethereum etfs record over million net outflows ahead of election day>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs. Ethereum ETFs also faced significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2153","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2153"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2153\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}