Crypto ETFs see over half a billion dollars in outflows amid post-midterm market slide

U.S. spot crypto ETFs flipped back to net outflows on Thursday, with more than $540 million withdrawn across major products. The reversal came as the broader market slid following the midterm elections. Traders watch ETF flows as a proxy for institutional demand, so a half-billion-dollar exit signals weakening conviction and adds near-term selling pressure on BTC and ETH.