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Spot Bitcoin ETF Institutions Record Outflow of US$415.10 Million Ahead of Year-End
The Bitcoin Spot Exchange-Traded Fund (ETF) (BTC) recorded an outflow of US$415.10 million on Monday (30/12). This figure was when approaching the end of 2024, when Bitcoin was experiencing a decline to a price of US$91,788 per coin.
Fidelity's Spot Bitcoin ETF (FBTC) experienced the largest outflow of US$154.60 million. Then, followed by Grayscale (GBTC) and iShares Bitcoin Trust (IBIT) with outflows of US$134.50 million and US$36.50 million, respectively.
Not only that, Grayscale Mini Trust (BTC), Bitwise (BITB), and Ark 21 Shares (ARKB) also experienced outflows of US$31.70 million, US$31.40 million, and US$26.40 million respectively on the same day. Meanwhile, the remaining Bitcoin Spot ETF institutions did not experience any outflows at all.
Additional information, Bitcoin is currently experiencing an increase of 3.3% to US$95,748 per coin in the last 24 hours.
-# source image: GettyImages