CandleFocus

Nearly $1.2 Billion Flows Out of Bitcoin ETFs in Three Days

Bitcoin ETFs in the United States experienced three consecutive days of outflows leading up to Christmas, setting a new single-day outflow record and temporarily weakening Bitcoin's upward momentum. Data shows a total outflow of nearly $1.2 billion in the past three trading days, with the highest single-day outflow of $680 million on December 19. While this could be attributed to profit-taking, the market sentiment and institutional moves need to be monitored. On the other hand, Ethereum ETFs saw positive signs with net inflows, attracting over $130 million in inflows on December 23. This is seen as a positive momentum for Ethereum and altcoins, especially after Ethereum's price drop in December.

Related News