Spot Bitcoin ETFs see $277.5M outflows as Bitcoin dips below $80K, ending a $1.7B inflow streak.

U.S.-listed spot Bitcoin ETFs experienced $277.5 million in net outflows on Thursday, breaking a five-day streak of strong inflows totaling nearly $1.7 billion. The outflows were led by Fidelity’s Wise Origin Bitcoin Fund and BlackRock’s iShares Bitcoin Trust amid Bitcoin’s price drop below $80,000 after briefly trading above $82,000. Despite the overall outflows, Morgan Stanley’s Bitcoin Trust ETF continued to attract inflows, indicating uneven demand across Bitcoin ETFs. The market showed increased volatility and a shift toward caution, with Ethereum ETFs also seeing significant outflows and the Crypto Fear & Greed Index moving back into “Fear.”