U.S. spot Bitcoin exchange-traded funds recorded $430.2 million in net outflows Thursday, led by Fidelity and BlackRock. Fidelity’s FBTC lost $199.9 million and BlackRock’s IBIT shed $105 million, together accounting for about 71% of the day’s withdrawals. Grayscale’s GBTC and Franklin Templeton’s EZBC also recorded outflows, while no fund posted positive net flows. BlackRock’s five-session withdrawal streak has now reached roughly $1.04 billion as the Nasdaq fell 5.5% and the S&P 500 dropped about 4.4%. Bitcoin retreated toward $76,000 after its post-election rebound, underscoring the funds’ sensitivity to volatility in both equity and cryptocurrency markets.
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