U.S. Spot Bitcoin ETFs See $277.08M in Outflows Amid Market Uncertainty

Quick Summary:

U.S.spot Bitcoin exchange-traded funds (ETFs) faced significant outflows on December 20, 2024, with a combined net outflow of $277.08 million, according to data shared by Trader T on X (formerly Twitter).

This marks the second consecutive day of declines for Bitcoin ETFs, reflecting potential concerns about market sentiment or profit-taking among investors.

While most ETFs faced net losses, Grayscale Mini BTC and Franklin’s EZBC bucked the trend with modest inflows.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 10:37:52 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 24574672

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 1 days ago

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