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bitcoin spot ETFs recorded their second-largest daily outflows on record as Mt. Gox transferred $2.2 billion worth of btc to unmarked addresses as the US election looms.
The 11 bitcoin spot ETFs saw $541.1 million come out of their reserves on November 4, according to Farside Investor. btc/#google_vignette”>data. Only the fund belongs to the asset management titan black rock managed to record capital inflows that day, securing inflows worth $38.4 million. Invesco's BTCO and WisdomTree's BTCW recorded no new flows.
<img decoding="async" src="https://media.istockphoto.com/id/1329055819/photo/olsztyn-poland-13-july-2021-golden-bitcoin-coin-over-defocused-stock-chart.jpg?s=612×612&w=0&k=20&c=8SedFCFB5uIf4-I-j-ZFk3aJ2lhawtXZvY4dPjmNJpM=” alt=”bitcoin – Stock Photos and Images – iStock Cryptocurrency, Blockchain, bitcoin Mining”/>
Most of the outflows came from Fidelity's FBTC, which left $169.6 million. ARKB suffered the next biggest hit with outflows of $138.3 million. Meanwhile, Grayscale's two spot bitcoin ETFs, GBTC and btc, recorded outflows of $63.7 million and $89.5 million, respectively.
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Record release day for Bitwise, Ark and Grayscale Mini today https://t.co/mi5P64BP3Q
– Farside Investors (@FarsideUK) twitter.com/FarsideUK/status/1853588582520279436?ref_src=twsrc%5Etfw”>November 5, 2024
The remaining funds, BITB, EZBC, BRRR and HODL also saw capital come out of their reserves.
Mt. Gox moves 32,371 btc to an unmarked address
Place bitcoin ETF investors aren't the only ones moving capital yesterday. Defunct crypto exchange Mt. Gox transferred approximately 32,371 btc to unmarked wallet addresses on Nov. 4, according to blockchain analytics firm Arkham Intelligence.
Yesterday's transfer comes after the exchange announced that it will postpone its payment deadline from October 31, 2024 to October 31, 2025.
Data from Arkham Intelligence shows that the exchange holds more than $3 billion worth of bitcoin. Following the slight correction in the price of bitcoin last day, the dollar value of the exchange's holdings fell by more than $11 million.
bitcoin recorded a minor loss in the last 24 hours to bitcoin/”>trade at $68,658.13 at 2:43 am EST.
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