Bitcoin ETFs Face $283M Outflow as Traders Pull Back

Bitcoin ETFs faced a significant wave of selling on Thursday, recording $282.56 million in net outflows. This marks the third straight day of negative movement for these funds as bitcoin price action holds steady around the $77,000 level. Investors appear to be taking profits or adjusting positions amid the current market climate.

While bitcoin funds struggled, the broader crypto fund market felt the heat too. Both ether and solana investment products saw net outflows as sentiment turned cautious across the board. The total pressure on bitcoin funds over this three day slide has now reached approximately $449 million.

XRP remains the clear outlier in this trend. It was the only major crypto category to see fresh money moving in, attracting $5.14 million in new capital. Traders are now watching to see if this outflow trend continues into the weekend or if institutional demand finds a floor at these price levels.