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International Business Times
International Business Times
Business
Marvie Basilan

FOUND: Us bitcoin ethereum etfs bleed over half a billion before elections | Mind Blowing Facts

Bitcoin Ethereum United States ETF Fidelity Crypto Donald Trump Grayscale Kamala Harris BlackRock
U.S.-listed Bitcoin and Ethereum ETFs saw hundreds of millions in outflows one day before the elections. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • US-listed spot Bitcoin ETFs bled a total of $541.1 million on Monday – Fidelity's $FBTC lost $169.6 million
  • US Ethereum ETFs saw $63.2 million in outflows on Monday – majority of which was on Grayscale's $ETH
  • Bitcoin dipped below $67,000 at one point in the day, but has since slightly recovered to challenge $69,000

Cryptocurrency exchange-traded funds (ETFs) had a negative day Monday, coinciding with Bitcoin's dip, as crypto traders and users brace for the impending impact of the U.S. elections on the broader financial market.

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