Bitcoin ETFs see $540 million outflow amid increased US Election volatility Major asset management firms reported significant outflows in Bitcoin ETFs following over $3 billion in inflows since Oct. 23. On Nov. 1, BlackRock’s IBIT showed no change, while Grayscale’s GBTC decreased by $5.5 million. By Nov. 4, BlackRock’s IBIT registered an inflow of $38.4 million, whereas Grayscale’s GBTC saw an outflow of $63.7 million.
Companies like Fidelity’s FBTC and Ark’s ARKB also experienced notable movements. Ark’s ARKB decreased by $24.1 million on Nov. 1 and faced an outflow of $138.3 million by Nov. 4. Fidelity’s FBTC had outflows of $25.6 million and $169.6 million on Nov. 1 and 4, respectively.
Bitcoin currently trades at $68,813.50, 7% below its all-time high of $73,686.93. Its market capitalization is $1.36 trillion, and its 24-hour trading volume is $42.2 billion. According to CryptoSlate data, Bitcoin’s market dominance is 60.7%.
Analyst 
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
