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$530 million flows out of bitcoin, ethereum spot ETFs in a day; U.S. midterm election fallout?

Bitcoin and ethereum spot exchange-traded funds recorded $530 million in net outflows in a day, with $430 million leaving bitcoin spot ETFs and $99.97 million pulled from ethereum spot ETFs. The slide rippled across markets as the Nasdaq Composite fell 5.5 percent and bitcoin and ethereum dropped 5.6 percent and 7.8 percent. Investors are seen pulling money amid worries regulation could tighten after Democrats took control of Congress in the U.S. midterm elections.