spotlight in the USA Bitcoin 
$73,968 and Ethereum 
$2,622 ETFs saw a notable decline on November 4, 2024. According to data from Spot On Chain, there was a total net outflow of $540.9 million from spot Bitcoin ETFs and $63.2 million from Ethereum ETFs.
BlackRock’s Spot Bitcoin ETF Stays Positive
Among Bitcoin ETFs in the US, only BlackRock‘s IBIT ETF recorded positive inflows of $38.6 million. All other spot Bitcoin ETFs suffered significant losses. For example Fidelity$169.6 million in ‘s FBTC ETF, ARK 21SharesThere were large outflows of $138.3 million in ARKB ETF.
Grayscale, Bitwise And VanEck Leading providers such as also recorded negative flows. This was interpreted as an important reflection of the effects of uncertainty in the sector on investors before the US Presidential election.
There is also an exit from Spot Ethereum ETFs
Spot Ethereum The situation was no different for ETFs. Only BlackRock’s ETHA ETF saw positive inflows of $11 million, while Grayscale, Fidelity, and Grayscale Mini ETFs saw outflows of $10.8 million, $31.5 million, and $31.9 million, respectively. This indicates a decline in investor interest in spot Ethereum ETFs.
Both spot Bitcoin ETF‘s as well as spot Ethereum ETFThe outflows from ‘s are associated with the uncertainties caused by the cryptocurrency market and the US Presidential election. Analysts state that outflows in US-based ETFs may be a reflection of changes in investor sentiment and market fluctuations.
As a matter of fact, the election has almost become final, if not officially, without great uncertainty. It currently appears that Republican candidate Donald Trump has won the election. Experts and analysts say that the elimination of election uncertainty and the victory of Trump, a crypto-friendly name, will have a positive impact on the cryptocurrency market. ETFHe is of the opinion that entrances to ‘s will start again.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
