Bitcoin ETP saw its second largest daily net outflow this year yesterday, reaching 8,352 BTC

Odaily News Vetle Lunde, head of research at K33 Research, released data showing that Bitcoin exchange-traded products (ETPs) saw the second largest single-day net outflow this year, reaching 8,352 Bitcoins yesterday. On May 1 this year, a single-day net outflow of 11,964 Bitcoins was recorded, the highest in the year. Lunde said that this large-scale outflow may be related to investors' risk aversion to the US election. Despite this, he emphasized that net inflows over the past five days remained strongly positive, reaching 14,157 Bitcoins.