BTC ETF records 4 consecutive days of net outflows and BlackRock experiences massive sell off.
The downturn for $BTC ETFs is far from over, with capital withdrawals continuing for 4 consecutive days, and the greatest pressure coming from the largest fund.
🔹 $188.6 million is the amount withdrawn from all ETFs on December 23rd. This is the fourth consecutive session of capital outflows from these funds.
🔸 The most surprising thing is that the fund that normally receives the most inflows also saw the largest outflows, totaling $157.34 million. Other funds were not spared either, with Fidelity at $15.3 million and Grayscale at $10.28 million.
🔹 Currently, the total assets of remaining BTC ETFs amount to $114.29 billion, representing approximately 6.53% of the total Bitcoin market capitalization.
How many chains do you think the BTC ETF will make?
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This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.