Bitcoin rebounds to $76,000, but $1.3 billion ETF exodus tests recovery By Investing.com

Bitcoin rebounded to trade above $76,000 on Saturday, but fresh outflows from U.S. spot Bitcoin ETFs showed how tentative the recovery remains. The largest cryptocurrency was up 0.59% at $76,103.2 at 03:13 ET (08:13 GMT). Fund-flow data cited by Investing.com put Friday’s ETF net outflows at $411.9 million, extending a second straight day of withdrawals; BlackRock’s iShares Bitcoin Trust led with $403 million in redemptions, partly offset by $42.8 million into Fidelity’s product. Through Friday, November outflows totaled about $1.28 billion, with only one positive day so far this month. Bitcoin was down about 5.2% over 24 hours earlier Friday after a rebound tied to the U.S. midterm elections faded. The article also notes $1.27 billion in crypto derivatives positions liquidated, and a regulatory backdrop including U.S. Treasury moves targeting exchange MEXC and Greece’s plan for a 10% tax on gains above a €500 annual threshold from January 2027.