The post Bitcoin ETFs log continued outflows as BTC remains under $93k appeared on BitcoinEthereumNews.com.

Spot Bitcoin exchange-traded funds in the United States continued to experience outflows on Dec. 30, with Bitcoin remaining below $93,000. According to data by SoSoValue, the 12 spot Bitcoin ETFs recorded $426.13 million in outflows on Dec. 30 extending their outflow streak to two consecutive days that saw $723.8 million leave the funds. Fidelity’s FBTC saw the highest outflows of the day with $154.64 million withdrawn from the fund while Grayscale’s GBTC followed with an outflow of $134.5 million. Additional outflows were seen from BlackRock’s IBIT, Grayscale Bitcoin Mini Trust, Bitwise’s BITB and ARK 21Shares’s ARKB saw $36.52 million, $31.73 million, $31.37 million and $26.4 million leave the funds respectively. Valkyrie’s BRRR also saw a modest outflow of $10.96 million on the day. Reportedly none of the BTC ETFs saw any inflows on the day. The total daily trading volume for the 12 investment products stood at $3.14 billion on Dec. 30 slightly higher than the $3.02 billion seen the previous day. Meanwhile, the significant outflows seen on Monday came as Bitcoin (BTC) failed to maintain at $95,000 a key support level as identified by analysts. This breakdown increased the risk of the price tumbling further, potentially dropping as low as $60,000. The world’s largest crypto asset remains down by 1% exchanging hands at $92,458 per coin at press time. Ether ETFs also begin outflows The nine spot Ethereum funds also faced an outflow day on Dec. 30 with $55.41 million leaving the fund while ending their four-day inflow streak that had brought $349.1 million into the funds. Fidelity’s FETH led the lot with outflows of $20.41 million while Grayscale’s ETHE and mini Ethereum Trust saw outflows of $17.36 million and $13.75 million respectively. Franklin Templeton’s EZET saw a more modest outflow of $3.88 million on the day. The total…

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Filed under: News - @ December 31, 2024 7:22 am