News

Bitcoin Spot ETF Outflows Reach $340 Million Amid Net Losses

Key Points:

  • Bitcoin Spot ETF outflows reached $338.4M on Dec. 19, extending a four-day streak.
  • BlackRock’s IBIT led outflows, with $188.7M leaving the fund.
Bitcoin spot ETF outflows hit $338.4M on Dec. 19, marking the fourth consecutive day of net outflows, with total withdrawals reaching $1.52B during this streak.

Bitcoin Spot ETF Outflows Reach $1.52 Billion Over Four Days

December 19 saw Bitcoin spot ETF losses of $338.4 million. Negative net flows persisted for the fourth day, reaching $1.52 billion since the trend started. Following 15 days of consistent inflows bringing $6.7 billion to the funds, this notable decline points to changing investor perception.

With $188.7 million, BlackRock‘s IBIT fund led outflows; Fidelity’s FBTC was next at $83 million. ARKB listed $75 million taken out. Bitwise’s BITB fund had $8.5 million in inflows, suggesting mixed investor interest even if the market is down, according to Sosovalue.

Read more: BTC Spot ETF Outflows Continue With $227M Lost Over Three Days

Ethereum Spot ETFs Record Strong Inflows Amid BTC Outflows

Ethereum spot ETFs collected $53.5 million unlike Bitcoin ETFs on December 19. With $43.9 million, BlackRock’s ETHA fund topped inflows; followed by Bitwise’s Ethereum fund with $6.2 million and Fidelity’s FESH with $3.45 million.

Ethereum spot ETF net inflows reaching $2.51 billion have been fueled by investor excitement. On December 19, ETH spot ETFs’ trading volume surpassed $262 million, proving their growing impact in the crypto ETF ecosystem despite Bitcoin fund withdrawals.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

Recent Posts

Why Shop Anywhere Else? Web3Bay Offers Ultimate Data Control & Payment Flexibility!

Assess Web3Bay’s decentralized e-commerce platform that gives users complete control over their data & offers…

45 minutes ago

Qubetics Hits 376 Million Token Sales, Tron Surpasses 9 Billion Transactions, and Toncoin Reveals Promising Recovery. Explore Top Investment Opportunities Today

Top Coins for Significant Returns in 2024 and Beyond: Qubetics’ Wallet Expansion, Tron’s 9 Billion…

1 hour ago

Best New Meme Coins to Join Today: BTFD Presale Drops Prices by 50% as Bonk’s Token Burn Fires Up and Shiba Inu Expands Ecosystem

Dive into the Best New Meme Coins to Join Today! Discover why BTFD Coin's presale,…

2 hours ago

Pump Science Tokenomics Design Is Now Completed

The Pump Science tokenomics design has been completed, with 5% of future tokens allocated to…

3 hours ago

Sonic Gateway Is Now Live to Support Cross-chain Transfer

Sonic Labs launched Sonic Gateway, a decentralized cross-chain bridge for secure transfers of USDC, EURC,…

5 hours ago

6 Bitcoin Mutual Funds to Launch in Israel

Israel will launch six Bitcoin mutual funds on December 31, approved by the Israel Securities…

6 hours ago

This website uses cookies.