The 11 U.S. spot-traded Bitcoin exchange-traded funds (ETFs) collectively lost $869.86 million on Thursday, recording their second-highest outflow on record, according to data source SoSoValue.
Investors withdrew $2.64 billion over three weeks, a sign of growing caution and a change in market sentiment.
Thursday’s outing coincided with Bitcoin falling below the key $100,000 support level and increased risk aversion on Wall Street. Ether ETFs also saw an outflow of $259.72 million, the highest since October 13.
At the time of writing, bitcoin was trading at nearly $97,500, down more than 5% in 24 hours and 11% on a monthly basis, according to data source CoinDesk.
