Bitcoin, Ether ETFs post $530M outflows as election gains evaporate
Summary
US spot Bitcoin and Ether ETFs saw about $530 million in net outflows Thursday as crypto and stock markets fell. Bitcoin funds lost $430 million and Ether funds about $100 million, reversing $128 million of combined inflows the previous day. Bitcoin dropped below $76,000 while the Nasdaq fell 5.5%. Fidelity’s Bitcoin ETF had roughly $200 million in withdrawals; BlackRock’s IBIT lost $105 million, extending its outflow streak to five sessions and taking withdrawals since Oct. 30 above $1 billion. Analysts offered mixed outlook commentary, with one suggesting Bitcoin could find a near-term bottom after testing below $75,000.
