Vetle Lunde, the research director of K33 Research, released data showing that Bitcoin Exchange Traded Products (ETPs) experienced the second largest net outflow since the beginning of the year, reaching 8,352 bitcoins yesterday. On May 1 of this year, a net outflow of 11,964 bitcoins was recorded, which was the highest of the year. Lunde stated that this large-scale outflow may be related to investors' risk aversion to the US election. Nevertheless, he emphasized that the net inflow over the past five days remained strong at 14,157 bitcoins.