Bitcoin ETFs bleed $430 million amid tech stock selloff Thursday

The outflows from these Bitcoin ETFs, which were fronted by Fidelity and BlackRock, occurred as a selloff in technology shares shook up riskier investments.

This movement underscores the sensitivity of institutional capital flows to shifts in broader equity market sentiment, particularly within the technology sector.

Earlier coverage

• Elliptic reports $3.1B in stolen Binance crypto remains unlaundered across 16 blockchains Nov 6
• Bitcoin recovers $76,000 as ETFs shed $430 million after tech rout Nov 6
• ETFs shed $530M Thursday as Bitcoin falls below $76,000 and US stocks tumble Nov 6