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Spirit Sonya
@spiritsonya
💼 BlackRock’s Bitcoin ETF Sees Outflows on US Election Day 📉 On Nov. 5, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a $44.2 million outflow, marking just the sixth time since its January launch. Bitcoin ETFs collectively recorded $116.8 million in outflows, with Bitwise Bitcoin ETF the only one showing an inflow of $19.3 million. 📊 Market Reaction: Despite outflows, Bitcoin surged post-U.S. trading day, hitting a new high of $75,000 as election results came in. Apollo Crypto’s chief investment officer noted Bitcoin’s role as a “global election trade,” with a potential for growth. 🔮 Future Outlook: Analysts believe Bitcoin could hit $100,000 depending on election outcomes.
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