Bitcoin And Crypto ETFs Experience Pre-Holiday Outflows Amid Year-End Adjustments
As the holiday season approached, U.S. exchange-traded funds (ETFs) focused primarily on spot Bitcoin and Ethereum faced notable net withdrawals on Tuesday, potentially being influenced by seasonal market dynamics and reduced trading volumes. These latest crypto market movements highlight the impact of end-of-year strategies on cryptocurrency investments, even as broader sentiment remains steady.
Data from SoSoValue indicates that spot bitcoin ETFs recorded $188.6 million in net outflows that day, marking the fourth straight session of negative flows.
Among the major players, BlackRock’s IBIT saw the most significant exodus, with $157.3 million departing the fund.
Other major ETFs, including Fidelity’s FBTC, Grayscale’s GBTC,…
