The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) collectively experienced outflows of $869.86 million on Thursday, marking their second-highest outflow on record, according to data from RialCenter.
Investors have withdrawn $2.64 billion over the past three weeks, reflecting growing caution and changing sentiment in the market.
Thursday’s outflow coincided with Bitcoin falling below the crucial $100,000 support level, amid rising risk aversion on Wall Street. Ether ETFs also saw an outflow of $259.72 million, the highest since October 13.
As of this writing, bitcoin was trading near $97,500, down over 5% in the last 24 hours and 11% month-to-date, according to RialCenter.
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