Bitcoin ETP experienced the second largest single-day net outflow this year, reaching 8352 BTC yesterday
K33 Research Director Vetle Lunde released data showing that Bitcoin Exchange Traded Products (ETP) experienced the second largest single-day net outflow this year, reaching 8,352 Bitcoins.
The record for the highest single-day net outflow of the year was on May 1st with 11,964 Bitcoins. Lunde stated that this large-scale outflow may be related to investors' risk aversion towards the US election. Nevertheless, he emphasized that the net inflow in the past five days remained strong and positive, reaching 14,157 Bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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