1U.S. spot Bitcoin ETFs experienced $635.6 million in net outflows on Thursday, marking the largest daily withdrawals since June.
2BlackRock, Fidelity, and Ark Invest funds led the withdrawals, while Morgan Stanley's ETF recorded minor inflows.
3Despite Thursday's drop, the weekly flows for Bitcoin ETFs remained positive at $442.7 million overall.
4Bitcoin's price slid 3.4% to around $81,500, driven by a broader tech stock sell-off and $440 million in leveraged liquidations.
5U.S. spot Ethereum ETFs also saw net outflows of $110.6 million on Thursday following previous inflows.
Key takeaway
Large withdrawals from Bitcoin ETFs and falling tech stocks have put short-term pressure on crypto prices, though overall weekly trends and year-end options data show mixed market sentiment.
Short-term impact (days–weeks)
● NEUTRAL
Prices may remain range-bound as markets react to macroeconomic trends and ETF flow fluctuations.
Medium-term impact (1–3 months)
▲ BULLISH
Some options data suggests traders are still positioning for potential year-end price recovery.
Key risks
Broader macroeconomic pressures and tech stock sell-offs.
Potential continuation of ETF outflows if key price supports break.
High levels of leverage leading to sudden liquidations.
This page summarizes and analyzes publicly reported news. Read the full story at the original source. AI-generated analysis — not financial advice.