It was nice while it lasted. Bitcoin ETFs just had their first bad day in more than a week.
U.S.-listed spot Bitcoin ETFs—stock market funds that hold Bitcoin so investors don't need their own crypto wallet—posted $225.2 million in net outflows on Thursday, snapping a seven-session streak that had pulled in close to $1 billion.
It's the category's first negative day since July 13.
An "outflow" means more investors cashed out than put money in, forcing the fund to sell some of its Bitcoin to cover redemptions. One bad day didn't erase a good week: the funds still closed roughly $274 million higher for the five sessions through Thursday.
Bitcoin ETFs data. Image: SoSoValueBitcoin dips as Iran war rattles Wall Street The timing wasn't random. U.S. stocks fell Thursday as the ongoing U.S.-Iran military exchange, now well into its fifth month, kept oil prices elevated. Bitcoin briefly slipped under the psychologically important $65,000 mark, touching the $64,600 price point, once again under what traders refer to as a death cross. (That’s a pattern on the chart that forms when the shorter-term average price is below the longer-term average price, which is a classic bear market signal.)
Bitcoin price data. Image: Tradingview 
