Bitcoin pullback deepens as US ETFs suffer record outflows

Bloomberg12-20 08:57

A group of US exchange-traded funds investing directly in Bitcoin snapped a 15-day streak of continuous inflows to post a record outflow of US$680 million on Thursday, US time. A Bitcoin slide from a ...

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A Bitcoin slide from a ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-pullback-deepens-us-etfs-suffer-record-outflows?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_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 pullback deepens as US ETFs suffer record outflows</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 pullback deepens as US ETFs suffer record outflows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 08:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-pullback-deepens-us-etfs-suffer-record-outflows?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A group of US exchange-traded funds investing directly in Bitcoin snapped a 15-day streak of continuous inflows to post a record outflow of US$680 million on Thursday, US time. A Bitcoin slide from a ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-pullback-deepens-us-etfs-suffer-record-outflows?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">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":"09042","symbol_name":"华夏比特币-U","start_time":0,"source_url":"https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-pullback-deepens-us-etfs-suffer-record-outflows?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2493479264","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493479264","pubTimestamp":1734656255,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"A group of US exchange-traded funds investing directly in Bitcoin snapped a 15-day streak of continuous inflows to post a record outflow of US$680 million on Thursday, US time. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","09042":"华夏比特币-U","09008":"博时比特币-U","BK4588":"碎股","03008":"博时比特币","03439":"嘉实比特币","IBIT":"iShares Bitcoin Trust","BK4585":"ETF&股票定投概念","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","03042":"华夏比特币","09439":"嘉实比特币-U","BK4601":"加密货币现货ETF"},"translate_title":"美国ETF资金流出创纪录，比特币回调加深","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"IBIT":1},"content_text":"A group of US exchange-traded funds investing directly in Bitcoin snapped a 15-day streak of continuous inflows to post a record outflow of US$680 million on Thursday, US time. A Bitcoin slide from a record high earlier this week extended to more than 10% at one point, as reduced scope for looser US monetary policy crimped speculative zeal.\nThe price of the original cryptocurrency dropped as low as US$95,885 ($130,245.39) on Friday after setting an all-time peak just above US$108,000 earlier in the week.\nThe downturn weighed heavier on smaller tokens like Ether and Dogecoin.\nA group of US exchange-traded funds investing directly in Bitcoin on Thursday snapped a 15-day streak of continuous inflows to post a record outflow of US$680 million, according to data compiled by Bloomberg, underscoring the shift in sentiment. \n\nIt’s “pretty typical” to see such corrections in crypto bull markets, said Strahinja Savic, head of data and analytics at FRNT Financial, while QCP Capital said in a note that the root cause of the selloff is the market’s “overly bullish” positioning.\nThe Federal Reserve’s hawkish pivot on Wednesday weighed on most risk assets. Bitcoin is still up almost 50% since pro-crypto Donald Trump’s victory in the US presidential election on Nov 5. \n“It looks like some year-end profit taking,” said Edward Chin of Parataxis. “There wasn’t anything fundamental that triggered the selloff.”\n\nWith fewer Fed rate cuts now expected for 2025, some investors may be choosing to reduce their exposure and take profits.\n“Technically, caution is warranted in the short term,” Chris Weston, head of research at Pepperstone Group, wrote in a note. “This doesn’t mean we’re due to see a collapse in price anytime soon, but the momentum has clearly come out of the move and the buyers have lost dominance and control of the tape.”\nBitcoin changed hands at US$97,878 as of 7.41am on Friday in London. It has more than doubled this year, helped by a flood of inflows into US exchange-traded funds for the token.\nCharts: Bloomberg","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/2493479264"}