U.S. exchange-traded funds (ETFs) that invest in bitcoin recorded their largest daily net outflow to date as markets prepare for the election day.

The group of 12 funds managed by entities such as BlackRock Inc. and Fidelity Investments saw outflows of $579.5 million on Monday, according to data collected by Bloomberg.

The outflows occur as digital asset operators brace for a period of increased volatility immediately following the U.S. elections.

SOURCE: Bloomberg.