Bitcoin Spot ETFs See $869M Outflow, Second-Largest on Record

U.S.-listed spot bitcoin ETFs suffered a $869.86 million outflow Thursday, marking the second-largest withdrawal in history, according to SoSoValue. The 11 funds have collectively seen $2.64 billion exit over the past three weeks, highlighting growing investor caution.

Thursday’s outflows coincided with Bitcoin dipping below the key $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 Ether ETFs also experienced significant redemptions, with $259.72 million withdrawn—the largest since October 13.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, according to CoinDesk data, reflecting broad weakness in the crypto market.