Crypto ETFs saw $530 million in net outflows on Thursday as Bitcoin dipped below $76,000 and the Nasdaq Composite plunged 5.5%, marking a sharp reversal from post-election optimism.
Bitcoin fell below $76,000 Thursday as US spot Bitcoin ETFs shed roughly $430 million in net outflows, extending year-to-date net outflows to about $510 million. Persistent institutional selling and the Nasdaq's 5.5% plunge weigh on price, though analyst Michaël van de Poppe expects a possible near-term bottom Friday after a sweep below $75,000.
Investors pulled roughly $430 million from US spot Bitcoin ETFs on Thursday as Bitcoin fell below $76,000 and US stocks tumbled, with the Nasdaq suffering its biggest single-day decline since April 2025.
One analyst cited in the article expects Bitcoin could find a near-term bottom on Friday, potentially after dipping below $75,000, though that is a forecast rather than a certainty.
BlackRock's iShares Bitcoin Trust recorded another $105 million in net outflows Thursday, extending its outflow streak to five consecutive sessions with more than $1 billion withdrawn since Oct. 30. Continued redemption pressure and Bitcoin trading below $76,000 point to further weakness in the fund.
IBIT has recorded net outflows for five consecutive sessions, with more than $1 billion withdrawn since Oct. 30.
Fidelity's Wise Origin Bitcoin Fund led Thursday's withdrawals with roughly $200 million in outflows, a sharp reversal from the around $237 million it attracted on Wednesday. As the largest single-day loser among Bitcoin ETFs, it faces continued redemption pressure while Bitcoin sits below $76,000.
Fidelity's Wise Origin Bitcoin Fund (FBTC) led Thursday's withdrawals with roughly $200 million in outflows, after attracting around $237 million on Wednesday.
Ether ETFs lost around $100 million Thursday as part of the combined $530 million in net outflows from US spot crypto funds amid a sharp market-wide sell-off. Ether moves with the broader crypto complex, so continued risk-off sentiment and Bitcoin weakness keep downward pressure on its price.
Ether funds lost around $100 million in net outflows, part of roughly $530 million pulled from US spot Bitcoin and Ether ETFs combined.
The tech-heavy Nasdaq Composite plunged 5.5% on Thursday, its biggest single-day decline since April 2025, erasing post-election gains and dragging crypto markets lower. Momentum is clearly negative, though one analyst expects the index to bottom Friday, which could limit further downside.
The Nasdaq Composite plunged 5.5% on Thursday, its biggest single-day decline since April 2025.
Dean Lyulkin, CEO of Cardiff, argued the current environment differs from the run-up to the 2008 crisis, noting household balance sheets and the banking system are considerably stronger today, though he flagged vulnerabilities in commercial real estate, private credit and potentially excessive AI spending.
US spot Bitcoin and Ether ETFs recorded $530 million in net outflows Thursday as cryptocurrency markets retreated alongside a broader stock market sell-off. The Nasdaq Composite suffered its largest single-day decline since April 2025, erasing gains from the recent US midterm elections. Fidelity's FBTC led the withdrawals with $200 million in outflows, while BlackRock's IBIT extended its losing streak to five consecutive sessions.
Investors pulled roughly $430 million from US spot Bitcoin ETFs on Thursday as Bitcoin fell below $76,000 and US stocks tumbled, with the Nasdaq suffering its biggest single-day decline since April 2025.
Fidelity's Wise Origin Bitcoin Fund (FBTC) led Thursday's withdrawals with roughly $200 million in outflows, after attracting around $237 million on Wednesday.
IBIT has recorded net outflows for five consecutive sessions, with more than $1 billion withdrawn since Oct. 30.