Investors Withdraw Millions from Bitcoin and Ethereum ETFs
The post Investors Withdraw Millions from Bitcoin and Ethereum ETFs appeared on BitcoinEthereumNews.com.
On December 19, spot Bitcoin and Ethereum ETFs witnessed unprecedented outflows, signaling a shift in investor sentiment. Spot Bitcoin ETFs experienced a staggering withdrawal of $680 million, representing the largest single-day outflow on record. Meanwhile, spot Ethereum ETFs recorded a net outflow of approximately $60.47 million, which marked the end of an 18-day streak of net inflows. What Caused the Massive Bitcoin ETF Withdrawals? The significant withdrawal from Bitcoin ETFs on December 19 reflects intense activity among market participants. Prior outflows had peaked at $563 million on May 1 and $541 million on November 4, but this latest figure eclipses those earlier benchmarks. Analysts suggest that broader economic uncertainties and market volatility are likely contributing factors to this trend. Why Did Ethereum ETFs See an Outflow? The recent decline in Ethereum ETFs, characterized by a net outflow, raises questions about the asset’s stability. After an impressive 18-day inflow period, the $60.47 million withdrawal indicates strategic repositioning by investors, potentially due to volatility and year-end portfolio adjustments. Bitcoin ETFs faced the largest daily withdrawal in history. The Ethereum ETF outflow ended a significant inflow streak. Global economic conditions appear to influence investor behavior. The recent movements in Bitcoin and Ethereum ETFs underscore a dynamic shift in the cryptocurrency investment landscape. These outflows reflect the complexity of market forces at play and underline the ongoing volatility within the sector. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/investors-withdraw-millions-from-bitcoin-and-ethereum-etfs
Filed under: News - @ December 20, 2024 7:27 am