Bitcoin Spot ETFs See $869M Outflow, Second-Largest on Record
U.S.-listed spot bitcoin ETFs recorded $869.86 million in outflows Thursday, marking the second-largest withdrawal on record, according to SoSoValue. Over the past three weeks, investors have pulled a total of $2.64 billion, reflecting rising caution in the crypto market.
The outflows coincided with Bitcoin dipping below the $100,000 support level amid heightened risk aversion on Wall Street. Ether ETFs also experienced significant redemptions, with $259.72 million withdrawn—the largest since October 13.
Bitcoin was trading near $97,500 at the time of writing, down more than 5% over 24 hours and 11% month-to-date, highlighting broad weakness across the crypto market.
