**Bitcoin ETFs Experience Record Outflows**

- On December 19, Bitcoin exchange-traded funds (ETFs) saw a massive sell-off, with net outflows hitting a record $671.9 million. This marks the largest single-day outflow of the year.

- Grayscale's GBTC led the outflows, losing $208.55 million, followed by ARK Invest’s ARKB with $108.4 million in outflows.

- The sell-off coincided with Bitcoin's price drop to around $96,409 and over $1 billion being liquidated from the market within 24 hours.

- Despite these outflows, Bitcoin maintains a market dominance of 57.4%.

- Analysts suggest the downturn might be short-lived, attributing it to market unpreparedness for negative news.