Bitcoin ETF Records US$1.5 Billion Outflow in Last 4 Days
The Spot Bitcoin exchange-traded fund (ETF) experienced a fairly large outflow of funds, reaching US$1.5 billion. The record occurred throughout the last 4 days, based on CoinMarketCap data, Thursday (12/26).
The outflow of funds was recorded from December 19 to December 24, 2024. The largest outflow was recorded at US$671 million on Thursday (12/19), followed by US$338 million on Tuesday (12/24).
The largest outflows still occurred at the beginning and end of the week, at US$277 million and US$229 million respectively. This figure is quite high, because previously the Bitcoin ETF had recorded inflows for dozens of days.
Fidelity, Grayscale, and BlackRock experienced the largest outflows in those 4 days. Meanwhile, the inflow that came in did not even reach US$100 million in the same period.