Crypto
Bitcoin, Ether ETFs post $530M outflows as election gains evaporate
US spot Bitcoin and Ether ETFs shed a combined $530 million Thursday as Bitcoin fell below $76,000 and US stocks tumbled.
Cointelegraph•
US spot Bitcoin and Ether ETFs shed a combined $530 million Thursday as Bitcoin fell below $76,000 and US stocks tumbled.
US spot Bitcoin and Ether exchange-traded funds (ETFs) posted about $530 million in net outflows Thursday as cryptocurrency markets fell sharply.
Bitcoin (BTC) ETFs recorded $430 million in net outflows while Ether (ETH) funds lost around $100 million, according to SoSoValue data.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded another $105 million in net outflows. The latest withdrawals extended IBIT’s outflow streak to five consecutive sessions, with more than $1 billion withdrawn since Oct. 30.