Crypto: Bitcoin Etfs Bleed $410m As Standard Chartered Slashes BTC Target

US spot Bitcoin ETFs are on track for a fourth consecutive week of losses as Standard Chartered cut its 2026 Bitcoin target to $100,000.

US spot Bitcoin exchange-traded funds (ETFs) saw heightened selling on Thursday, with outflows accelerating the same day Standard Chartered lowered its 2026 Bitcoin forecast.

Spot Bitcoin (BTC) ETFs recorded $410.4 million in outflows, extending weekly losses to $375.1 million, according to SoSoValue data.

Unless Friday brings substantial inflows, the funds are on track for a fourth consecutive week of losses, with assets under management (AUM) nearing $80 billion, down from a peak of almost $170 billion in October 2025.

The selling coincided with Standard Chartered lowering its 2026 Bitcoin target from $150,000 to $100,000, warning that prices could fall to $50,000 before recovering.

“We expect further price capitulation over the next few months,” the bank said in a Thursday report shared with Cointelegraph, forecasting Bitcoin to drop to $50,000 and Ether (ETH) to $1,400.

“Once those lows are reached, we expect a price recovery for the remainder of the year,” Standard Chartered added, projecting year-end prices for BTC and ETH at $100,000 and $4,000, respectively.

Negative sentiment persisted across all 11 Bitcoin ETF products, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) and the Fidelity Wise Origin Bitcoin Fund suffering the largest outflows of $157.6 million and $104.1 million, respectively, according to Farside.

Ether ETFs faced similar pressure, with $113.1 million in daily outflows dragging weekly outflows to $171.4 million, marking a potential fourth consecutive week of losses.

XRP (XRP) ETFs saw their first outflows of $6.4 million since Feb. 3, while Solana (SOL) ETFs bucked the trend, recording a minor $2.7 million in inflows.

Source: CoinTelegraph