In the wake of Bitcoin’s (BTC) plunge, spot ETFs saw their assets under management suffer $817.87 million in outflows. This marks their worst day since last November. Let’s take stock of this bleeding.
$817.87 million in outflows from Bitcoin ETFs
On Thursday, the price of Bitcoin (BTC) fell below $85,000 again and is currently trading at $82,600, down 6.2% over the past 24 hours. Against this backdrop, ETFs also saw heavy outflows during their daily trading session.
Last week, we looked back at January 21, which saw U.S. spot Bitcoin ETFs suffer $708.71 million in outflows, marking the worst day of 2026. On Thursday, that record was broken, as the session ended with outflows totaling $817.87 million.
Thus, not only was this the worst day since November 20, but also the fourth-worst session for these ETFs since their launch in January 2024. Combining these outflows with the decline in the price of BTC, the assets under management (AUM) of these funds fell to $107.65 billion, marking a low not seen since the end of April 2025:
Assets under management for U.S. spot Bitcoin ETFs
Currently, Bitcoin ETFs are closer to falling back below the symbolic $100 million AUM threshold than to surpassing their all-time high (ATH) of $169.54 billion set on October 6.
By extension, BTC is also trending toward breaking out of the bottom of its $85,000 to $95,000 range, within which prices have been trading since November:
BTC price (daily data)
In the absence of a rapid recovery, the current situation could therefore bode ill for future developments in the medium term.
As for other ETFs, those tracking ETH saw outflows of $155.61 million on Thursday, marking the fourth-worst day of the year. However, these outflows, combined with the decline in the price of ETH, have caused the AUM of these funds to plummet to $16.75 billion, the lowest level since mid-July 2025.
For other funds, volumes remain negligible, with the exception of XRP ETFs, which recorded their third-worst day of outflows since their launch, with $92.92 million in redemptions. Currently, these funds’ assets under management stand at $1.21 billion.
