US Bitcoin ETFs Suffer Record Outflows Ahead of Election Day
- The group of funds saw an outflow of $579.5 million on Monday
- Crypto markets are bracing for potential price volatility
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US exchange-traded funds investing in Bitcoin recorded their highest daily net outflow to date as markets brace for Election Day.
The group of 12 funds managed by the likes of BlackRock Inc. and Fidelity Investments shed $579.5 million on Monday, according to data compiled by Bloomberg.