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U.S. Spot Bitcoin ETF Outflows Nearly $1.2 Billion in Nearly Three Days, Longest Outflow Since Election

U.S. Spot Bitcoin ETF Outflows Nearly $1.2 Billion in Nearly Three Days, Longest Outflow Since Election

Bitget2024/12/24 22:32

A total of $1.18 billion has flowed out of 12 spot bitcoin ETFs in the U.S. market over the past three trading days, the longest outflow since Donald Trump's election win in November, which, coupled with the decline in bitcoin prices, has resulted in a $10.7 billion reduction in the total value of the funds' holdings from 18 December to the end of the trading day on 23 December, data showed.

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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.

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