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Bitcoin ETFs see highest daily outflows ever as traders brace for Election Day volatility

  • Bitcoin spot ETFs experienced a record $579.5 million in daily outflows as traders anticipated volatility surrounding the election.
  • The 12 spot bitcoin ETFs lost a total of $579.5 million on Monday, marking the highest daily outflow since their launch in January.
  • Bitcoin has been volatile in the week leading up to the election, reaching all-time highs before retracing below $70,000.
  • Analysts predict that market volatility will increase as election results unfold and potential recounts and challenges are likely.

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