Bitcoin ETFs Lose $1.2 Billion in 3 Trading Days
Spot Bitcoin ETFs in the US have seen significant outflows over the past three days, with a total loss of $1.17 billion, as Bitcoin tumbled 14% from its all-time high a week ago.
On December 23 alone, outflows hit $226.5 million, with Fidelity topping the list with $146 million.
Despite these declines, BlackRock bucked the trend with inflows of $31.7 million.
However, the funds have seen total inflows of $35.8 billion since their launch, reflecting continued demand.
BlackRock’s iShares Bitcoin ETF has also become one of the largest ETFs ever, with $53.3 billion in assets under management.
Bitcoin’s correction coincided with continued outflows from other crypto-asset funds, surpassing $1 billion between December 19 and 20.
While Bitcoin prices stabilized around $94,000, altcoins such as BNB, AVAX, LINK, SUI, and HBAR maintained a stronger performance with gains of over 4%
