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Blockonomi
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US Bitcoin ETFs See $541M Withdrawal Ahead of Election Day
- US Bitcoin ETFs saw $541.1M outflow on Nov 4, second-largest daily outflow in history
- Only BlackRock’s IBIT showed positive inflow ($38.4M)
- Fidelity fund had largest outflow ($169.6M), followed by ARK 21Shares ($138.3M)
- Outflows coincided with Bitcoin price drop below $70,000
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