Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers

US spot Bitcoin ETFs saw $430.2 million in net withdrawals on Thursday as a sharp selloff in technology shares spread to crypto markets. The outflows suggest investors can use the funds to reduce Bitcoin exposure quickly during periods of broader market stress.

Fidelity’s Wise Origin Bitcoin Fund lost $199.9 million and BlackRock’s iShares Bitcoin Trust lost $105 million, together accounting for about 71% of the withdrawals. The week’s net outflow reached $869.8 million; Bitcoin fell towards $76,000 after trading above $80,000 on Wednesday, while the Nasdaq dropped 5.5% and the S&P 500 about 4.4%.