U.S.-listed spot bitcoin ETFs recorded major outflows on Thursday as Bitcoin slipped below the $100,000 mark. The sector has now seen $2.64 billion exit the market over the past three weeks, reflecting rising caution among investors.
According to data from SoSoValue, the 11 U.S. spot bitcoin ETFs collectively lost $869.86 million on Thursday, marking their second-largest single-day outflow on record. The sustained withdrawals signal deteriorating sentiment across crypto markets.
Thursday’s outflow occurred as Bitcoin broke below the key $100,000 support level, adding to broader risk aversion across Wall Street. Ether ETFs also saw significant pressure, with outflows totaling $259.72 million — the largest since October 13.
At the time of writing, Bitcoin was trading around $97,500. The cryptocurrency is down more than 5% in the past 24 hours and 11% so far this month, according to CoinDesk data.
