Bitcoin price falls, spot Bitcoin ETF sets record for largest fund outflow

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The Bitcoin exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission (SEC) earlier this year has seen a large outflow of funds in recent days. In just four days, more than $1.5 billion has flowed out, including a large correction on December 19, with outflows of $671.9 million, setting a record for the largest single-day outflow on record.

According to Farside Investors, this large-scale withdrawal ended 15 consecutive days of positive inflows and coincided with a general sell-off in the cryptocurrency market. During this adjustment, the price of Bitcoin (BTC) fell from more than $100,000 to a low of $93,000, although it later recovered. Market volatility and uncertainty surrounding regulation have caused many investors to reconsider their positions.

Historic Decline in Bitcoin Market

The outflow broke the previous record set in May, when the cryptocurrency fell 10% in a week, resulting in an outflow of $564 million. In the following days, Bitcoin ETFs continued to experience large outflows: $277 million on December 20, $226.5 million on December 23, and $338.4 million on December 24. These figures highlight the growing concerns of investors in the unstable market and regulatory environment.

However, this negative trend is in stark contrast to recent investments by companies such as MicroStrategy, which acquired an additional 5,262 Bitcoins at an average price of $106,662 per BTC, costing the company approximately $561 million. With this purchase, MicroStrategy's total Bitcoin holdings exceeded 400,000 BTC, reflecting its strategy of continuing to accumulate the leading cryptocurrency. This approach has inspired other companies, such as Marathon Digital Holdings, which holds 44,394 BTC, worth about $4.1 billion, becoming the second largest corporate holder of Bitcoin. This trend shows that despite the short-term volatility of the market, the confidence of some corporate investors is growing.

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