BTC-ETFs See Record Outflows After Bitcoin Crash

Bitget App

Trade smarter

Bitget

News

HappyCoinNews2024/12/21 04:00

By:HappyCoinNews

U.S. bitcoin exchange-traded funds saw a record $680 million in outflows in a single day on Thursday, ending a 15-day streak of inflows.

The record outflows coincided with the flagship asset falling to $96,000 after the US Federal Reserve chairman made a cautious forecast for further interest rate cuts.

According to SoSoValue, Fidelity's FBTC saw the biggest outflow, losing $19 million on Thursday, December 208,55. The following are Bitcoin Mini Trust from Grayscale and ARKB from ARK and 21Shares, which recorded outflows of $188,6 million and $108,35 million, respectively.

BTC-ETFs See Record Outflows After Bitcoin Crash image 0

Outflow of funds from spot BTC- ETF

Investors withdrew $87,9 million from Grayscale's GBTC and $43,6 million from Bitwise's BITB. Funds from issuers VanEck and Valkyrie also saw outflows.

BlackRock's IBIT, the largest ETF by net assets, saw zero inflows. WisdomTree's BTCW was the only one ETF , which received about $2 million from investors.

On Thursday, the total trading volume of spot BTC- ETF reached $6,3 billion. This is up from $5,9 billion the day before.

Funds trading Ethereum , also saw outflows of $60,47 million, ending an 18-day streak of inflows.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14