Heavy selling hits Bitcoin and Ether ETFs again as combined outflows total ~$523M; Standard Chartered trims 2026 BTC target — CryptoQuant shows MVRV near undervalued with $2.3B realized losses

US spot Bitcoin ETFs recorded $410.4M of outflows on Thursday (weekly -$375.1M), pushing AUM toward ~$80B (from a ~ $170B peak in Oct 2025). All 11 BTC ETF products showed negative flows, led by BlackRock’s IBIT (-$157.6M) and Fidelity’s Wise Origin (-$104.1M). Standard Chartered lowered its 2026 Bitcoin target from $150,000 to $100,000 and said BTC could fall to $50,000 before recovering; the bank projects year-end BTC and ETH at $100,000 and $4,000 respectively. Ether ETFs saw $113.1M of outflows (weekly -$171.4M); XRP ETFs -$6.4M; Solana ETFs +$2.7M. Analysts (CryptoQuant) note realized support near $55,000 and say market-cycle indicators remain in a bear phase; BTC traded near $66,000.
AI Analysis
All 11 Bitcoin ETF products showed large simultaneous outflows ($410.4M on the day, weekly -$375.1M) and a major bank (Standard Chartered) materially lowered its BTC target and warned of a downside to $50,000; these are concrete, short-term market-moving facts cited in the summary.
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