Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced three consecutive days of outflows as Bitcoin struggled to recover to $100,000 following the Federal Reserve's hawkish rate cut. Data showed that these ETFs saw inflows of $226.56 million on December 23, breaking their streak of outflows. Most of the outflows came from Fidelity's FBTC and Grayscale's GBTC. BlackRock's IBIT was the only Bitcoin ETF to see inflows. The daily trading volume for these ETFs was $3.52 billion. The outflows occurred after Bitcoin's 4% decline due to the Federal Reserve's interest rate decision. The largest cryptocurrency has fallen 11.9% in the past week and was priced at $94,436 at the time of writing. In contrast, spot Ethereum ETFs saw inflows after two days of outflows, with BlackRock's ETHA leading the way. Ethereum was trading at $3,412 per coin, with a 3.3% gain in the past 24 hours.
- Content Editor ( crypto.news )
- 2024-12-24
Bitcoin ETFs continue outflow streak as BTC tumbled under $93k