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Bitcoin ETFs See $1.5B Outflows; Ethereum ETFs Attract Inflows
Bitcoin spot exchange-traded funds (ETFs) have recently experienced significant outflows, totaling over $1.5 billion between December 19 and 24, 2024. This period included a record single-day withdrawal of $188.7 million from BlackRock’s iShares Bitcoin Trust ETF (IBIT) on December 24. Market Impact and Investor Sentiment These substantial outflows coincide with Bitcoin’s price retreating approximately 11% …