Bitcoin Falls Below $77,000 as Spot ETFs Log Nearly $400M in Outflows

Bitcoin fell below $77,000 on Tuesday, extending its losses as U.S. spot ETFs shed $398.6 million in capital. Bitcoin fell below $77,000 on Tuesday as investors pulled capital out of spot BTC ETFs. The coin’s price dropped 2% to around $76,000, giving back most of its Monday gains. This also comes as a sell-off in U.S. technology stocks sent ripples through the market. According to SoSoValue data, $398.6 million flowed out of the 12 US spot Bitcoin ETFs on Nov. 2, marking a second day in a row of net outflows.