Bitcoin and Ether ETFs See $530M Outflows as Crypto and Stocks Slide

US spot Bitcoin and Ether exchange-traded funds experienced combined outflows of $530 million on Thursday, reflecting a sharp reversal in investor sentiment. Bitcoin's price dropped below $76,000, erasing gains that had accumulated ahead of the US presidential election. Ether also declined, contributing to the broad sell-off in digital assets. The outflows were not isolated to crypto; US stock markets tumbled as well, indicating a risk-off mood across financial markets. Key players in the ETF space, such as BlackRock's iShares Bitcoin Trust and Grayscale's Bitcoin Trust, saw significant redemptions, though specific fund-level data was not detailed in the source. The magnitude of the outflows underscores how quickly leveraged and momentum-driven positions can unwind when macroeconomic uncertainty spikes. For investors, the move highlights the growing interconnectedness between crypto ETFs and traditional equity markets, as both respond to shifts in liquidity expectations and risk appetite. The decline below the psychologically important $76,000 level for Bitcoin may trigger further technical selling if support does not hold. As election-related optimism fades, market participants will be watching for signs of stabilization or continued de-risking in the coming sessions.