Bitcoin ETF Outflows Pass $1 Billion: Why Institutions Are Selling After the Midterms

November has started the way October ended for the US spot Bitcoin ETFs: with money leaving. Three sessions in a row, more than a billion dollars out, and BlackRock's IBIT doing most of the selling. Meanwhile $Bitcoin is trying to hold the $76,000 to $77,000 zone after the Democrats swept the midterms. Here is what the flows are telling us. What happened to the Bitcoin ETF flows this week? According to SoSoValue, the spot Bitcoin ETFs recorded three consecutive days of net outflows: 30 October: $643.3 million, the largest single-day exit since late June.