Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»US Bitcoin ETF is witnessing historic outflows as brutal selling rocked cryptocurrency markets.
BLOCKCHAIN NEWS

US Bitcoin ETF is witnessing historic outflows as brutal selling rocked cryptocurrency markets.

By Crypto FlexsDecember 20, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US Bitcoin ETF is witnessing historic outflows as brutal selling rocked cryptocurrency markets.
Share
Facebook Twitter LinkedIn Pinterest Email

Key Takeaways

  • US Bitcoin ETF experienced historic outflows as investors withdrew $672 million in one day.
  • Fidelity’s Bitcoin Fund led the outflows, followed by Grayscale and ARK Invest ETFs.

Share this article







The U.S. spot Bitcoin ETF suffered its largest single-day outflow ever amid a sharp sell-off in the cryptocurrency market following the FOMC meeting. About $672 million exited the fund on Thursday, ending a period of net inflows that began in late November, according to Farside Investors data.

This large-scale withdrawal surpassed the previous record of $564 million set in May. 1, There were withdrawals of nearly $564 million from a group of spot Bitcoin ETFs after Bitcoin fell 10% for a week to $60,000.

Fidelity’s Bitcoin Fund (FBTC) led the exodus with outflows of $208.5 million, while Grayscale’s Bitcoin Mini Trust (BTC) hit its lowest point since launch with net outflows of more than $188 million.

ARK Invest’s Bitcoin ETF (ARKB) and Grayscale’s Bitcoin Trust (GBTC) also saw massive withdrawals, with ARKB losing $108 million and GBTC losing nearly $88 million. Meanwhile, three competing ETFs managed by Bitwise, Invesco and Valkyrie lost a combined $80 million.

BlackRock’s iShares Bitcoin Trust (IBIT), which saw net inflows of $1.9 billion this week and has contributed significantly to the group’s recent strong performance, recorded zero flows for the day.

WisdomTree’s Bitcoin Fund (BTCW) was the only gainer, raising $2 million in new investments.

The price of Bitcoin fell below $96,000 during the market downturn and is currently trading at around $97,000, down 4% in 24 hours, according to CoinGecko data. The sharp decline in all assets led to a $1 billion leveraged liquidation on Thursday, Crypto Briefing reported.

The market turmoil followed the Federal Reserve’s hawkish message following its decision to cut interest rates. The Federal Reserve cut interest rates by 25 basis points on Wednesday but signaled smaller cuts in 2025.

Despite continued price volatility, the Crypto Fear and Greed Index still indicates greed sentiment at 74, down just one point from yesterday.

Share this article







Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Economist Henrik Zeberg says that Altcoins is trying to start an explosive stage and updates Outlook and Under-The Radar Crypto for Dogwifhat.

June 5, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025

As the network activities are slow, Ether Room is unlikely to break $ 3,000 in the short term.

June 5, 2025

AI TOKEN LIVEPEER (LPT) cuts 150% and then falls 40% -What is the leading volatility?

June 5, 2025

NVIDIA DALI improves data processing function with new features.

June 5, 2025

Why is the ratio of cryptocurrency exchanges near Bitcoin’s lowest level of seven years?

June 5, 2025

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Economist Henrik Zeberg says that Altcoins is trying to start an explosive stage and updates Outlook and Under-The Radar Crypto for Dogwifhat.

June 5, 2025
Most Popular

Indian authorities arrest man on kidnapping and extortion charges after attempting to recover losses from BitConnect

August 19, 2024

3 reasons why Ethereum remains below $3,900

May 30, 2024

Arkham partners with Sui to strengthen blockchain data integration

January 3, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.