Bitcoin, Ether ETFs post $530M outflows as election gains evaporate
US spot Bitcoin and Ether exchange-traded funds recorded a combined $530 million in net outflows on Thursday. This massive capital flight coincided with a broader market downturn as macroeconomic pressures erased post-election gains.
- BTC
Heavy institutional ETF outflows and macro weakness drove prices below $76,000.
- ETH
Spillover selling pressure from broader crypto market liquidations and ETF outflows.
United States spot cryptocurrency exchange-traded funds experienced significant capital withdrawals as market sentiment shifted abruptly negative. Bitcoin prices retreated below the $76,000 threshold while traditional US equities suffered synchronized declines. The sudden outflow wiped out substantial gains accumulated following recent political developments that had previously buoyed risk assets. Institutional investors actively reduced their exposure to digital asset products amid escalating macro uncertainty and shifting liquidity conditions. Market participants are closely monitoring upcoming economic data releases to gauge the potential trajectory for risk-on assets. Analysts suggest that the reversal in ETF flows indicates a temporary cooling of institutional enthusiasm after record-breaking inflows in prior weeks.
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