Bitcoin, Ether ETFs post $530M outflows as election gains evaporate

US spot Bitcoin and Ether exchange-traded funds (ETFs) posted about $530 million in net outflows Thursday as cryptocurrency markets fell sharply.Bitcoin (BTC) ETFs recorded $430 million in net outflows while Ether (ETH) funds lost around $100 million, according to SoSoValue data.The reversal followed $128 million in combined inflows Wednesday, when Bitcoin briefly climbed above $80,000 after Democrats’ victories in the US midterm elections.Bitcoin fell back below $76,000 and the tech-heavy Nasdaq Composite plunged 5.5% on Thursday, which was its biggest single-day decline since April 2025, according to Reuters.Fidelity leads Bitcoin ETF outflows Fidelity’s Wise Origin Bitcoin Fund (FBTC) led Thursday’s withdrawals with roughly $200 million in outflows after attracting around $237 million on Wednesday, according to Farside Investors data.BlackRock’s iShares Bitcoin Trust (IBIT) recorded another $105 million in net outflows. The latest withdrawals extended IBIT’s outflow streak to five consecutive sessions, with more than $1 billion withdrawn since Oct. 30.Daily spot Bitcoin ETF flows by issuer since Oct. 30. Source: Farside InvestorsBitcoin ETFs’ year-to-date net outflows stood at a...