BlackRock's iShares Bitcoin Trust ETF (IBIT) has experienced its largest-ever single-day outflow, with $188.7 million withdrawn on December 24, 2024. This surpasses the previous record of $72.7 million set just days earlier, indicating a significant shift in investor sentiment.
The broader Bitcoin $BTC ETF market also faced substantial withdrawals, with total outflows reaching $338.4 million on Christmas Eve. Over the past four days, U.S. Bitcoin funds have seen net outflows of $1.52 billion, reflecting a broader trend of investor caution amid market volatility.
In contrast, Ethereum $ETH ETFs have shown resilience, attracting inflows during the same period. This divergence suggests a potential shift in investor preference towards Ethereum, possibly due to its recent developments and market performance.
What factors do you think are influencing the recent outflows from Bitcoin ETFs and the shift towards Ethereum?
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Sources: Cointelegraph, FX Empire, CryptoSlate
