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Investors have been trimming their exposure ahead of the US election results. Bitcoin (BTC) has seen a decline of 3.22% over the past week and 0.41% in the past 24 hours, trading around $68,000, according to the data from CoinMarketCap.

Exchange-traded products also observed negative flows. The 11 spot Bitcoin ETFs recorded a significant net outflow of $541.1 million, as per CoinGlass data. 

This represents the largest outflow day since May 1, when ETFs faced $563.7 million in outflows after Bitcoin's value dropped by 10.7% to $60,000 within a week. Notably, BlackRock’s iShares Bitcoin Trust ETF (IBIT) was the only one to secure inflows, amounting to $38.4 million.

The Fidelity Wise Origin Bitcoin Fund witnessed the largest outflow on November 4, losing $169.6 million, followed by the ARK 21Shares Bitcoin ETF with $138.3 million in outflows.

Despite BTC experiencing a downfall, CoinStore reported that digital asset investment products experienced inflows totaling $2.2 billion last week, bringing year-to-date inflows to a record-breaking $29.2 billion. 

This surge in inflows was attributed to optimism surrounding a potential Republican victory in the upcoming election. However, as polling trends shifted, minor outflows were observed on Friday.

Ethereum saw modest inflows amounting to $9.5 million, contrasting with the more significant inflows into Bitcoin and Solana, the latter of which saw $5.7 million in inflows last week. Other altcoins also recorded minor inflows, with Polkadot receiving $0.67 million and Arbitrum $0.2 million.

Regionally, the U.S. contributed $2.2 billion of the inflows, while Germany saw minor inflows of $5.1 million. The recent price appreciation and increased trading volumes, which rose by 67% week-on-week to $19.2 billion, have pushed total assets under management (AuM) to over $100 billion for only the second time in history, matching levels from early June 2024 at $102 billion.

According to QCP Capital, Bitcoin's spot price will remain volatile within its current range until the US election results are clear. They predict that a Trump victory could trigger a sharp increase in Bitcoin's price, while a win for Kamala Harris might lead to a decline.

Crypto investors are keenly awaiting the results of the US elections, as a change in leadership could affect the prices of the digital assets.