U.S.-listed bitcoin BTC exchange-traded funds (ETFs) experienced their third-largest outflow since inception, totaling $400.7 million on Thursday, as detailed by data from Farside.

During recent trading, Bitcoin saw a low of approximately $86,600 and highs approaching $92,000, marking a nearly 6% correction from its all-time high on November 13th, when it surpassed $93,000.

While this price trend isn't alarming—it's common for investors to realize profits after new highs—over the past three days, $15 billion has been withdrawn by investors, according to Glassnode data. Bitcoin's value has increased over 25% following the recent election of a new U.S. president.

BlackRock's IBIT received inflows of $126.5 million, continuing a robust trend since November 7th, while Fidelity's FBTC recorded outflows of $179.2 million. Bitwise BITB lost $113.9 million, Ark's ARKB faced $161.7 million in redemptions, and Grayscale products experienced a combined deduction of $74.9 million.

Thursday marked the third-worst day for bitcoin-linked ETFs since their launch. Notably, prior instances of over $400 million in outflows occurred on November 4 ($541.1 million) and May 1 ($563.7 million), both times preceding price rises after hitting new lows.

The outcome of this latest wave of ETF outflows remains to be seen as it might signal the onset of another price bottom, repeating historical patterns.

In comparison, ether ETH ETFs experienced their first outflow in nearly two weeks, with investors withdrawing $3.2 million.