Bitcoin Falls Below $76K as Bitcoin and Ether ETFs Lose $530M
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Bitcoin dropped below $76,000 on Thursday as U.S. spot Bitcoin and Ether ETFs together posted about $530 million in net outflows, reversing the prior session's inflows. Bitcoin funds accounted for roughly $430 million of the withdrawals, with Ether ETFs losing approximately $100 million, according to SoSoValue data. Fidelity's Wise Origin fund featured among the largest redeemers. The retreat highlights how sensitive crypto prices remain to ETF flow direction, with investors treating the products as a real-time gauge of institutional demand. Traders will watch whether outflows persist in coming sessions and whether Bitcoin can reclaim the $76,000 level.
Muhabbit's AI wrote this summary in its own words from CoinGape's report. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), Ether (ETH), Fidelity Wise Origin Bitcoin Fund, SoSoValue
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