The Impact of Bitcoin ETF on BTC Price

Despite the fluctuations in Bitcoin's price, there remains a significant profit-taking trend among institutional investors in the exchange-traded fund (ETF) market. On November 25 and 26, there was strong selling pressure and a substantial outflow of funds in the Bitcoin ETF market.

Data from Farside Investor shows that on the aforementioned days, $435.3 million and $122.8 million flowed out of the ETF. This indicates a shift in the situation compared to the large influx of funds recorded after Election Day.

Typically, Bitcoin ETF spot products hold BTC, which institutional investors use to hedge against the devaluation of the dollar.

Thus, the sale of large amounts signifies that these investors have noticed an opportunity to take profits. As the BTC price approached the $100,000 mark, some holders saw this as an opportunity to offload their assets before a price correction begins.