menuIcon
$ 106,439.6
BTC
$ 106,439.6
-1.94 %
$ 2,660.66
ETH
$ 2,660.66
-4.39 %
$ 0.6648
ADA
$ 0.6648
-4.59 %
$ 656.43
BNB
$ 656.43
-1.06 %
$ 153.55
SOL
$ 153.55
-4.31 %
Sujit Kumar
Dec 20, 2024
by Sujit Kumar

Bitcoin ETFs Witness Record Outflows Amid Market Volatility

Bitcoin ETFs Witness Record

Table of contents

  1. Ethereum ETFs Feel the Impact
    1. Market Under Pressure
  2. What Lies Ahead?
The cryptocurrency world is reeling from a historic $671.9 million net outflow from Bitcoin ETFs, marking the largest withdrawal since their inception. This sharp reversal follows a 15-day streak of inflows, highlighting changing investor sentiment toward digital assets. The most significant outflow came from Fidelity’s FBTC, which saw a staggering $208.5 million withdrawn.

Contrasting this trend, BlackRock’s IBIT ETF reported no net changes, maintaining a steady position even as the broader market faced turbulence.

Ethereum ETFs Feel the Impact

Ethereum ETFs weren’t spared either, breaking an 18-day streak of consistent inflows. The outflow coincides with a broader market correction, further emphasizing the volatility in digital asset investments.

Market Under Pressure

The cryptocurrency market mirrored these developments, with Bitcoin’s price dropping 4.22% in the past 24 hours and Ethereum experiencing a sharper decline of 7.97%. This downturn reflects a mix of market uncertainty and shifting investor sentiment, amplified by a year that saw $37 billion in total inflows for crypto ETFs.

What Lies Ahead?

The dramatic reversal raises questions about the future of crypto ETFs. Are investors stepping back to reassess their strategies, or does this signal a more cautious phase in institutional crypto adoption? The answers will likely emerge in the coming weeks, as the funds’ performance and market conditions evolve.

This record outflow underscores the fragile confidence in the crypto sector, where optimism can quickly give way to caution amid economic uncertainties and price corrections.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Follow us on: News
Bitcoin ETFs Witness Record
Bitcoin ETFs Witness Record Outflows Amid Market Volatility
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Top Picks