Bitcoin, Ether ETFs see $530M outflows Thursday amid market downturn

Amid a downturn in US equities and a decline in Bitcoin below the $76,000 mark, US spot Exchange Traded Funds tracking Bitcoin and Ether collectively saw outflows amounting to $530 million on Thursday.

This movement in the spot ETF space reflects broader market sentiment as expectations surrounding the election appear to be diminishing.

Earlier coverage

• Bitcoin steady near $80,000, Ether jumps 4% after market rallies Nov 5
• Morning Minute: Tom Lee Calls the Binance Hack Bullish for Ethereum Nov 3
• BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June Nov 3