Significant Outflows from Bitcoin ETFs
On December 19, spot Bitcoin exchange-traded funds (ETFs) in the United States reported outflows totaling $680 million. This development ended a 15-day streak of inflows, during which the funds accumulated over $6.7 billion. The drop in Bitcoin's price below $96,000 was attributed to the Federal Reserve's cautious outlook on future interest rate cuts.

According to data from SoSoValue, the Fidelity's FBTC fund led the outflows, losing $208.55 million, followed by Grayscale Bitcoin Mini Trust with $188.6 million and ARKB ARK 21Shares, which recorded outflows of $108.35 million.

Major Outflows from Bitcoin ETFs

Other funds that experienced significant outflows include:

  • Grayscale's GBTC: $87.86 million

  • Bitwise BITB: $43.61 million

  • BTCO by Invesco Galaxy: $25.97 million

  • VanEck's HODL: $10.91 million

  • BRRR Valkyrie: $8.19 million

Amid the sell-off, WisdomTree's BTCW stood out as an exception, attracting inflows of $2.05 million. In contrast, BlackRock's IBIT and two other Bitcoin ETFs reported no changes in flows for the day.

Rising Trading Activity and BTC Price Decline

Trading Activity Spikes
Despite the outflows, Bitcoin ETFs saw a surge in trading activity, with total trading volume reaching $6.31 billion, up from $5.86 billion the previous day.

Bitcoin Price Drops
Bitcoin fell by 4.4% to $96,751, largely due to the Federal Reserve's interest rate decision. The Fed implemented a widely anticipated 0.25% rate cut, bringing the total rate reduction for the year to 1%. However, the cautious outlook for further cuts in 2025 and expectations of reaching a 2% inflation target only by 2026–2027 dampened investor sentiment. This hawkish stance contributed to a 4.5% drop in the broader crypto market, now valued at $3.51 trillion.

Ethereum ETFs Face Declining Momentum

Spot Ethereum ETFs Struggle
Spot Ethereum ETFs also had a challenging day, with $60.47 million in outflows, breaking an 18-day streak of inflows. The largest outflows were recorded by Grayscale's ETHE, which lost $58.13 million. Other notable outflows included:

  • ETHW by Bitwise: $6.78 million

  • Grayscale Ethereum Mini Trust: $3.18 million

  • QETH by Invesco: $2.36 million

Inflows Partially Offset the Trend
Conversely, Fidelity's FETH and VanEck's ETHV managed to attract inflows of $5.05 million and $4.94 million, respectively, partially offsetting the broader outflows.

Ethereum ETF Overview and ETH Price

Cumulative Net Inflows Remain Positive
Despite the daily outflows, cumulative net inflows for Ethereum ETFs remain positive at $2.4 billion.

ETH Price Decline
Ethereum’s price reflected the bearish market sentiment, dropping 8.1% over the past day to $3,378 per coin.


#ETHETF , #Bitcoin❗ , #CryptoNewss , #Cryptocurrencies , #BTCETF


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“