US spot Bitcoin and Ether exchange-traded funds (ETFs) reversed course on Thursday, recording roughly $530 million in combined net outflows as broader crypto markets slid sharply. According to SoSoValue, Bitcoin (BTC) spot ETFs saw about $430 million in net withdrawals, while Ether (ETH) funds lost around $100 million. The sell-off came after a rebound session on Wednesday, when combined inflows totaled $128 million following Democrats’ election wins in the US midterms—an outcome that had lifted Bitcoin briefly above the $80,000 level.