Bitcoin ETFs See Historic $671M Outflow As Price Dips To $93,000

CoinMarketCap12-21 22:54

Bitcoin ETFs experienced a historic $671.9 million in net outflows on December 19, 2024. This marks the largest single-day withdrawal from Bitcoin ETFs since their launch in January. . The outflows ...

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This marks the largest single-day withdrawal from Bitcoin ETFs since their launch in January. .\nThe outflows ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6766d6b68b416976b3da948e/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin ETFs See Historic $671M Outflow As Price Dips To $93,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin ETFs See Historic $671M Outflow As Price Dips To $93,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6766d6b68b416976b3da948e/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin ETFs experienced a historic $671.9 million in net outflows on December 19, 2024. This marks the largest single-day withdrawal from Bitcoin ETFs since their launch in January. .\nThe outflows ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6766d6b68b416976b3da948e/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CETH","symbol_name":"21Shares Core Ethereum ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6766d6b68b416976b3da948e/","article_id":"2493253214","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/dea6394eaba94f81892fece91de351a1.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493253214","pubTimestamp":1734792882,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Bitcoin ETFs experienced a historic $671.9 million in net outflows on December 19, 2024. This marks the largest single-day withdrawal from Bitcoin ETFs since their launch in January. .The outflows coincided with a sharp decline in Bitcoin’s price, which fell to $93,000, after reaching an all-time high  above $108,000 earlier in the week.As per Spot on Chain data, Fidelity’s Bitcoin ETF  saw the largest withdrawal, with $208.5 million leaving the fund.BlackRock’s Bitcoin ETF  remained unaffected, showing no net change.These outflows ended a 15-day streak of consistent inflows into Bitcoin ETFs and an 18-day streak for Ethereum ETFs.The outflows were a response to Bitcoin’s recent price dip. Bitcoin had been fluctuating between $95,000 and $108,000, failing to maintain support at the $100,000 mark.Bitcoin price action dropped below $92,000 on Friday, recovering slightly to $94,104, marking a 7.7% daily decline and a 10% drop since Monday’s high of over $106,000.The Hashdex Nasdaq Crypto ","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CETH":"21Shares Core Ethereum ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","ATH":"Athene Holding Ltd","DEFI":"Hashdex Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund","HODL":"VanEck Bitcoin Trust ETF","ETH":"Grayscale Ethereum Mini Trust","FDN":"First Trust Dow Jones Internet I","QETH":"Invesco Galaxy Ethereum ETF","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","EZBC":"Franklin Bitcoin ETF","BK4162":"人寿与健康保险","FETH":"Fidelity Ethereum Fund","GBTC":"Grayscale Bitcoin Trust","BITB":"Bitwise Bitcoin ETF","EZET":"Franklin Ethereum Etf","BK4601":"加密货币现货ETF","BITO":"ProShares Bitcoin ETF","ETHV":"Vaneck Ethereum ETF","BK4550":"红杉资本持仓","BK4588":"碎股","BTCW":"WisdomTree Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF"},"translate_title":"随着价格跌至93,000美元，比特币ETF出现历史性的6.71亿美元流出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITB":1,"EZBC":1,"DEFI":1,"FBTC":1,"BTCW":1,"BTCO":1,"BRRR":1,"GBTC":1,"HODL":1,"ATH":1,"BITO":1,"FDN":0.9,"FETH":0.9,"EZET":0.9,"QETH":0.9,"ETHV":0.9,"CETH":0.9,"ETH":0.67},"content_text":"Bitcoin ETFs experienced a historic $671.9 million in net outflows on December 19, 2024. This marks the largest single-day withdrawal from Bitcoin ETFs since their launch in January. .\nThe outflows coincided with a sharp decline in Bitcoin’s price, which fell to $93,000, after reaching an all-time high (ATH) above $108,000 earlier in the week.\nFidelity Bitcoin ETF Leads the Way\nAs per Spot on Chain data, Fidelity’s Bitcoin ETF (FBTC) saw the largest withdrawal, with $208.5 million leaving the fund. \nBlackRock’s Bitcoin ETF (IBIT) remained unaffected, showing no net change.\nThese outflows ended a 15-day streak of consistent inflows into Bitcoin ETFs and an 18-day streak for Ethereum ETFs.\n\n\n\n   Source: X\n  \n\n\nThe outflows were a response to Bitcoin’s recent price dip. Bitcoin had been fluctuating between $95,000 and $108,000, failing to maintain support at the $100,000 mark.\nInstitutional investors, who had been fueling the recent growth, pulled back in response to the market’s volatility.\nThe market had been riding high, but the price correction has caused investor sentiment to shift.\nOn the other hand, Ethereum ETFs were also not immune to the trend. Ethereum funds also saw a decline in inflows, breaking their 18-day streak.\nWith Bitcoin’s drop and Ethereum’s decline, the overall crypto market felt the weight of investor caution.\nBTC and ETH Prices Decline\nBitcoin price action dropped below $92,000 on Friday, recovering slightly to $94,104, marking a 7.7% daily decline and a 10% drop since Monday’s high of over $106,000.\nThe downturn followed the Federal Reserve’s announcement of a slowdown in interest rate cuts for 2025.\nDespite the Fed’s third rate reduction of the year, which typically boosts risk assets, Bitcoin’s price fell as concerns over persistent inflation resurfaced.\nThe Fed’s projection of only two additional rate cuts next year, along with higher inflation forecasts, dampened market sentiment.\nThis has led investors to shy away from riskier assets like Bitcoin, favoring safer investments.\nEthereum price has dropped nearly 20% since peaking at $4,109 earlier this week, driven by multiple factors.\nA key influence is ongoing whale selling, with large holders dumping significant amounts of ETH, including one whale who recently deposited 50,000 ETH into Binance.\nThis move has fueled fears of further declines. Additionally, the Ethereum Foundation’s sale of 100 ETH, part of a broader trend where it has offloaded 4,466 ETH over the past year, has added pressure on ETH price.\nFurthermore, market sentiment was shaken by El Salvador’s agreement with the IMF to reduce its Bitcoin-related policies, which may have compounded the bearish sentiment around Ethereum.\nDual ETF Greenlight from SEC\nIn other ETF news, the U.S. Securities and Exchange Commission (SEC) approved the crypto index ETFs from asset managers Hashdex and Franklin Templeton.\n\n\n\n   Source: X\n  \n\n\nThe Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF will feature a mix of Bitcoin and Ethereum, with an 80/20 average weighting, though other assets may be added later.\nThis approval follows filings by Hashdex and Franklin Templeton, with Nasdaq and Cboe BZX proposing rule changes to list and trade these products.\nBloomberg analyst Eric Balchunas predicts that these ETFs will launch in January 2025.\nThe post Bitcoin ETFs See Historic $671M Outflow As Price Dips To $93,000 appeared first on The Coin Republic.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493253214"}