ETFs shed $530M Thursday as Bitcoin falls below $76,000 and US stocks tumble

With a decline in US equities and Bitcoin dropping beneath the $76,000 threshold, US spot Exchange Traded Funds for both Bitcoin and Ether experienced a combined outflow amounting to $530 million on Thursday.

This movement in the ETF sector reflects shifts in investor sentiment amid broader market volatility.

Earlier coverage

• Bitcoin steady near $80,000 as crypto ETFs draw money after Democratic sweep Nov 5
• Markus Thielen questions ETF demand, sees Bitcoin at $90,000 by year-end Nov 3
• Morning Minute: Tom Lee Calls the Binance Hack Bullish for Ethereum Nov 3