U.S. Spot Bitcoin ETFs Experience $415.1 Million Net Outflows on December 30, 2024

Quick Summary:

On December 30, 2024, U.S.spot Bitcoin Exchange-Traded Funds (ETFs) reported a combined net outflow of $415.1 million, as per data shared by Trader T on X (formerly Twitter).

This significant withdrawal activity was predominantly led by major ETF providers, including Fidelity’s FBTC and Grayscale’s GBTC.

Global economic conditions, including changes in interest rates, inflation rates, and geopolitical tensions, can impact investor confidence and influence the movement of funds in and out of Bitcoin ETFs.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News U.S. Spot Bitcoin ETFs Net Outflows Bitcoin ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 12:50:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1004 words

Reading Time: 6 minutes read

Sentences: 55 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24777626

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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