Bitcoin spot ETFs saw a single-day outflow of nearly $870 million, the second-highest in history.
TL;DR
U.S. Bitcoin spot ETFs saw a net outflow of $869.86 million, the second-highest on record, amid Bitcoin dropping below $100,000 and rising investor caution. Ethereum ETFs also had significant outflows.
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According to ChainCatcher, citing Jinshi, 11 U.S. Bitcoin spot exchange-traded funds (ETFs) experienced a net outflow of $869.86 million on Thursday, marking the second-largest single-day outflow on record for this asset class. Investors have withdrawn a total of $2.64 billion in the past three weeks, indicating a continued rise in market caution. This outflow comes as Bitcoin broke below the key support level of $100,000 and Wall Street's risk appetite deteriorated significantly. Ethereum ETFs also recorded a net outflow of $259.72 million on the same day, the highest since October 13th.