{"id":594820,"date":"2024-11-05T08:47:32","date_gmt":"2024-11-05T08:47:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=594820"},"modified":"2024-11-05T08:47:32","modified_gmt":"2024-11-05T08:47:32","slug":"spot-bitcoin-etfs-see-second-highest-outflows-as-mt-gox-moves-2-2-billion-in-btc-ahead-of-us-election","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/spot-bitcoin-etfs-see-second-highest-outflows-as-mt-gox-moves-2-2-billion-in-btc-ahead-of-us-election","title":{"rendered":"Spot Bitcoin ETFs See Second-Highest Outflows As Mt. Gox Moves $2.2 Billion In BTC Ahead Of US Election"},"content":{"rendered":"
Spot Bitcoin ETFs registered their second-largest daily outflows on record as Mt. Gox transferred BTC worth $2.2 billion to unmarked addresses as the US election looms.<\/p>\n
The 11 spot Bitcoin ETFs saw $541.1 million leave their reserves on Nov. 4, according to Farside Investor <\/span>data<\/span><\/a>. Only the fund belonging to asset management titan <\/span>BlackRock<\/span><\/a> managed to record inflows on the day, securing inflows of $38.4 million. Invesco’s BTCO and WisdomTree’s BTCW recorded no new flows.<\/span><\/p>\n <\/p>\n Most of the outflows came from Fidelity’s FBTC, with $169.6 million leaving the fund. ARKB suffered the next biggest blow with $138.3 million in outflows. Meanwhile, both of Grayscale’s spot Bitcoin ETFs, GBTC and BTC, posted outflows of $63.7 million and $89.5 million, respectively.<\/span><\/p>\n Record outflow day for Bitwise, Ark and the Grayscale Mini today https:\/\/t.co\/mi5P64BP3Q<\/a><\/p>\n — Farside Investors (@FarsideUK) November 5, 2024<\/a><\/p><\/blockquote>\n\n