Vetle Lunde, head of research at K33 Research, released data showing that bitcoin exchange-traded products (ETPs) yesterday recorded the second largest single-day net outflow of 8,352 bitcoins this year. A single-day net outflow of 11,964 bitcoins was recorded on May 1 this year, the highest for the year. Lunde said the large outflow may be related to investors' risk aversion to the US election. Nonetheless, he stressed that net inflows over the past five days remained strongly positive at 14,157 bitcoins.