For the first time since the election of Donald Trump as President of the United States in November, US-listed Bitcoin and Ethereum exchange-traded funds (ETFs) have recorded net outflows.
US Bitcoin and Ethereum ETF Market
American spot ETFs for Bitcoin and Ethereum recorded net outflows. According to Farside Investors, 11 funds registered a net outflow of $400.7 million on November 14, following a previous persistent inflow.
Changes in Fund Positions
Despite the general outflow, two funds managed to attract investments: BlackRock's iShares Bitcoin Trust ETF and VanEck Bitcoin ETF. The largest net outflows were observed in Fidelity, ARK, and 21Shares funds.
Historical Perspective and Forecasts
This is the first outflow from the funds since Donald Trump was elected president on November 5. At that time, positive market movements were driven by expectations of Trump's economic policy.
The unprecedented outflow from US crypto ETFs for the first time in recent months may signal new market trends or changes in investor sentiment.
