Bitcoin ETF funds set a record outflow of 672 million USD, the highest in history

According to data from Farside Investors, 11 U.S. Bitcoin ETF funds just marked their worst trading day ever with a total outflow exceeding 671.9 million USD, surpassing the previous record of 564 million USD from May 1st.

Leading the sell-off during the trading session on December 19 (U.S. time) was Fidelity's FBTC fund with an outflow of 208.5 million USD, also the highest in the fund's 12-month history.

Meanwhile, the BTC fund from Grayscale, which launched in July, also reported an outflow of 188.6 million USD, marking its worst performance to date. ARKB from Ark Invest contributed over 108 million USD to the total outflow during the recent trading session.

IBIT from BlackRock recorded no inflow or outflow.

This is seen as a reaction from Wall Street investors following the latest comments from the Fed Chair regarding not maintaining a continuous rate cut throughout 2025 as previously expected, after data showed that U.S. inflation is not cooling as Federal Reserve officials had hoped.