The 11 US-listed spot bitcoin exchange-traded funds (ETFs) collectively bled $869.86 million on Thursday, recording their second-highest outflow on record, according to data source SoSoValue.
Investors have withdrawn $2.64 billion in three weeks, indicating growing caution and a shift in market sentiment.
Thursday’s exit coincided with Bitcoin falling below the key $100,000 support level and increased risk aversion on Wall Street. Ether ETFs also recorded an outflow of $259.72 million, the highest since October 13.
At the time of writing, bitcoin was trading near $97,500, a drop of more than 5% in 24 hours and 11% so far this month, according to data source CoinDesk.
