Ethereum

Bitcoin

Spot

Gains

US-based spot Bitcoin ETFs suffered a significant pullback, experiencing outflows of approximately $1.2 billion in a three-day period.
<h2 id="us-bitcoin-etfs-experience-their-longest-three-day-gain-since-election">US Bitcoin ETFs Experience Their Longest Three-Day Gain Since Election</h2>
That was the longest streak of outflows since the days before former President Donald Trump’s re-election bid in 2024. The three-day streak erased most of the inflow gains these ETFs made in early December.
According to SoSoValue data, 12 spot Bitcoin ETFs operating in the US markets recorded an outflow of $1.18 billion between December 18 and December 23.
With the falling price of Bitcoin during this period, the total value held in these funds fell by $10.7 billion, from $121.7 billion on Dec. 16 to just over $105 billion at the end of trading on Monday.
Despite this decline, the value of the funds remains slightly above the $103.9 billion recorded at the beginning of December.
The outflows were not evenly distributed across ETFs. Fidelity’s FBTC fund had the largest share of outflows with $426 million, but BlackRock’s IBIT fund saw outflows of just $41 million for the day, bucking the trend and remaining flat for another day.
Signs of a Comeback?
Bitcoin’s price showed signs of recovery on Tuesday, gaining about 6% in 24 hours, signaling a possible end to the outflow streak. However, updated ETF inflow data for Tuesday was not yet available at the time of reporting.
Ethereum ETFs Remain Steady
While Bitcoin ETFs faced significant challenges, spot Ethereum ETFs saw minimal activity. Total inflows and outflows were almost balanced, with outflows exceeding inflows by just $4.83 million.
However, the total value of Ethereum ETFs decreased by $1.1 billion over the same period, largely due to price fluctuations.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-based-spot-bitcoin-etfs-continue-to-make-outflows-december-gains-wiped-out-here-are-the-details/" rel="noopener noreferrer nofollow">US-Based Spot Bitcoin ETFs Continue to Make Outflows! December Gains Wiped Out! Here Are the Details</a>

US-Based Spot Bitcoin ETFs Continue to Make Outflows! December Gains Wiped Out! Here Are the Details

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