Crypto ETFs Shed $540M in Broad Market Selloff

TL;DR U.S. spot crypto ETFs recorded more than $540 million in combined net outflows Thursday, with Bitcoin products accounting for $430.2 million and Ethereum funds losing roughly $99.9 million. Fidelity’s FBTC led Bitcoin withdrawals with $199.9 million, while BlackRock’s ETHA drove Ethereum redemptions with $75.2 million. Solana, Zcash and Hyperliquid ETFs also posted outflows, while XRP products recorded zero flows as weekly withdrawals across major U.S. crypto funds exceeded $1.1 billion. U.S. spot crypto ETFs recorded more than $540 million in combined net outflows on Thursday as digital assets and technology stocks sold off after the midterm elections. According to SoSoValue data , Bitcoin funds alone posted $430.2 million in net redemptions.

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