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News

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

December 24, 2024 - Around 2 mins mins to read

Key Points:

  • BTC Spot ETF outflows reached $227M on Dec 23, continuing for 3 days.
  • Ethereum ETFs had $131M inflows, led by BlackRock and Fidelity funds.
BTC Spot ETF outflows hit $227M on Dec 23, marking 3 consecutive days of outflows. Total net asset value is $105.084B, while Ethereum ETFs saw $131M inflows.
BTC Spot ETF Outflows Continue With $227M Lost Over Three Days

BTC Spot ETF Outflows Mark Three Consecutive Days

The Bitcoin spot ETF market saw net outflows of $227 million on December 23, continuing a three-day streak of outflows. Despite this downturn, the total net asset value for Bitcoin spot ETFs remains substantial at $105.084 billion, reflecting its enduring significance in the crypto investment landscape.

The consistent outflows suggest a shift in investor sentiment, possibly driven by broader market trends or profit-taking activities. Meanwhile, the Bitcoin spot ETF market continues to draw attention as a critical barometer for institutional participation in the cryptocurrency sector, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Reach $449M With BlackRock Leading

Ethereum Spot ETFs Record Strong Inflows Amid BTC Outflows

While Bitcoin spot ETFs faced significant outflows, Ethereum spot ETFs experienced robust inflows of $131 million on December 23. BlackRock’s ETHA led the charge with $89.5129 million in net inflows, followed by Fidelity’s FETH, which recorded $46.3713 million.

This divergence highlights contrasting investment patterns between Bitcoin and Ethereum assets. Ethereum ETFs continue to attract investor interest, supported by growing institutional adoption and BlackRock’s leadership in the space, positioning Ethereum as a critical player in crypto investment portfolios.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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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.