US-listed spot exchange-traded funds tied to Bitcoin and Ether recorded net withdrawals of $530 million on Thursday, according to wire coverage of the daily flow data. The outflows arrived as a sharp sell-off in technology shares dragged on US equities and pushed Bitcoin under the $76,000 mark.
Coverage of the flows indicated that six funds posted redemptions on November 5. The exits cut short a rebound in ETF demand earlier in the week, which reports described as having lasted only a few sessions. One account tied the day's move to a wider equity downturn that it characterised as a $3 trillion loss in value on Wall Street.
Not every report used the same tally. One headline cited $430 million of ETF outflows, while two others pointed to $530 million for Bitcoin and Ether products combined. The differences may reflect which funds were counted, but the material reviewed by FXMARE does not explain the gap, so the combined $530 million figure is used here as the one cited most often.
On price, Bitcoin dropped below $76,000 during Thursday's tech-driven rout and then recovered above that level on Friday. The reporting framed the decline as part of a broad risk-off move rather than a development specific to digital assets. One headline said gains made around the US election had evaporated, pointing to how far the crypto market had moved back from its earlier advance.
Spot ETFs are regulated funds that hold the underlying coin and let investors gain exposure through a standard brokerage account. Their daily net flows, published after each session, are widely followed as a gauge of demand from institutional and retail buyers using traditional market channels. Net outflows mean more shares were redeemed than created on the day.
The episode shows how closely crypto prices and fund flows have tracked moves in US equities, particularly in the technology sector. The sources do not provide a breakdown of flows between the Bitcoin and Ether products, nor figures for individual funds.
Why it matters for traders
ETF flows are one of the most visible measures of traditional-market demand for Bitcoin and Ether. Thursday's withdrawals alongside a tech-led equity decline show crypto trading in step with broader risk sentiment. Traders watching these markets can follow whether flows and equity moves continue to line up.