According to The Block, U.S. spot cryptocurrency ETFs returned to net outflows on Thursday, with withdrawals totaling more than $540 million across major products. The movement occurred amid a post-midterm market slide.
The outflows reflect investor withdrawals from several prominent spot crypto ETF offerings. The timing aligns with broader market softness following the recent midterms, though no specific causes were cited. The Block reported the figure as a net withdrawal amount across major products, without detailing individual fund levels or timing beyond the Thursday observation.
No further quantitative details such as exact fund names, daily change figures, or comparative prior period amounts were provided. The report notes the slide as post-midterm but does not specify market conditions like price levels or regulatory changes. The observation centers on the observed net outflow pattern on Thursday.
