On December 19, U.S. Bitcoin ETFs saw a record $680M net outflow in a single trading dayāthe largest since their inception. This marks a sharp reversal after consistent inflows since November 25.Ā š¤·
š” The investor withdrawal coincided with Bitcoinās price drop during the U.S. trading session, falling from $102K to a weekly low below $97K. By December 20, $BTC
slid further, dipping under $96K.Ā
š Spot ETFs directly impact the market as they involve the actual purchase or sale of Bitcoin to back fund shares. These funds, managed by giants like BlackRock and Fidelity, hold $110B in Bitcoināapproximately 6% of all circulating supply.