US spot Bitcoin ETFs saw intensified selling on Thursday, recording $410.4 million in net outflows, according to SoSoValue.
The withdrawals extended total weekly losses to $375.1 million and coincided with Standard Chartered cutting its 2026 Bitcoin price target from $150,000 to $100,000.
In a report shared with Cointelegraph, the bank warned that Bitcoin could drop to $50,000 in the coming months before staging a recovery, citing expectations of continued price capitulation.
Despite the near-term weakness, Standard Chartered projects Bitcoin could still finish the year at $100,000, while forecasting Ether at $4,000.
All 11 US spot Bitcoin ETF products posted negative flows. BlackRock’s iShares Bitcoin Trust (IBIT) led the outflows with $157.6 million withdrawn, followed by Fidelity’s Wise Origin Bitcoin Fund at $104.1 million, according to Farside data.
Meanwhile, crypto analytics firm CryptoQuant said Bitcoin’s realized price support stands around $55,000 and has not yet been tested.
Unless significant inflows emerge, the funds are on track for a fourth consecutive week of losses, with total assets under management hovering near $80 billion, down sharply from their October 2025 peak of nearly $170 billion.
