(Bloomberg) — 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.
The outflows come as digital-asset traders prepare for a period of heightened volatility in the immediate aftermath of the US election.
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