US Bitcoin and Ether ETFs See $530M Net Outflows

Cointime reports: US spot Bitcoin and Ether ETFs posted combined net outflows of about $530 million on Thursday, reversing Wednesday’s $128 million inflow. Bitcoin ETFs accounted for $430 million of the exits and Ether funds about $100 million. Fidelity’s FBTC bled roughly $200 million, while BlackRock’s IBIT lost $105 million, its fifth straight day of outflows and over $1 billion since Oct. 30. Bitcoin ETFs are now down about $510 million year-to-date.