U.S. Spot Bitcoin ETFs Face $1.5B in Outflows, Largest Streak Since Trump Win

Quick Summary:

On December 24, these funds saw $338.4 million in net outflows, marking the fourth consecutive day of outflows, which have now reached $1.52 billion over the past four days.

The U.S.spot Bitcoin exchange-traded funds (ETFs) have recently experienced a sharp reversal in their flow patterns.

BlackRock’s IBIT ETF, in particular, saw the largest outflow, with $188.7 million exiting the fund.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesTurkey

Topics: BTC Bitcoin News ETF Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 11:23:45 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 338 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © TheNewsCrypto

News ID: 24660212

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