Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows.<\/p>\n
For the past three trading days, the eleven spot Bitcoin ETFs<\/a> have shed $1.17 billion as the asset fell more than 14% from its all-time high a week ago.<\/p>\n On Dec. 23, total aggregate outflows totaled $226.5 million, with Fidelity leading the exodus with an outflow of $146 million.\u00a0Bitwise, Ark 21Shares, Invesco, VanEck, and Grayscale funds also saw outflows on Monday, but BlackRock bucked the trend with an inflow of $31.7 million.<\/p>\n Bitcoin ETF Daily Flow<\/p>\n Blackrock US$ Flow: 31.7 million<\/p>\n For all the data and disclaimers visit:https:\/\/t.co\/04S8jMGl07<\/a><\/p>\n \u2014 Farside Investors (@FarsideUK) December 24, 2024<\/a><\/p>\n\n Nevertheless, the total inflow to date for these institutional investment products is $35.8 billion, highlighting the huge demand for Bitcoin-based ETPs.<\/p>\n On Dec. 24, investment firm Swan reported that BlackRock\u2019s iShares Bitcoin ETF is now in the top 35 of all ETFs ever launched, with $53.3 billion in assets under management.<\/p>\n NEW: BlackRock\u2019s $IBIT<\/a> #Bitcoin<\/a> ETF is now in the top 35 of all ETFs EVER with $53.3B AUM. Out of 3,900+ ETFs. In less than a year. BULLISH pic.twitter.com\/j2j2hX0VHr<\/a><\/p>\n \u2014 Swan (@Swan) December 23, 2024<\/a><\/p>\n\n Analysis from CoinShares this week revealed that crypto asset funds saw more than $1 billion in outflows between Dec. 19 and 20.<\/p>\n ETF Store president Nate Geraci saw the humorous side of last week\u2019s Federal Reserve-induced market slump.<\/p>\n pic.twitter.com\/a6FK40OEfB<\/a><\/p>\n \u2014 Nate Geraci (@NateGeraci) December 23, 2024<\/a><\/p>\n\n Spot Ethereum ETFs bucked the outflow trend with an aggregate inflow of $130.8 million on Dec. 23, following two consecutive trading days of outflows last week, according to preliminary data from Farside Investors.<\/p>\n BlackRock was again the leader of the pack with an $89.5 million inflow for ETHA, followed by Fidelity with $46.4 million in inflows. There was very little activity for the other seven funds.<\/p>\n The BTC correction has deepened<\/a> to 14.5%, with the asset shedding a further 1.5% on the day, hitting an intraday and monthly low of $92,442 during early trading in Asia on Tuesday.<\/p>\n However, Bitcoin bounced back to reclaim the $94,000 level again at the time of writing, indicating that the decline may be slowing.<\/p>\n Altcoins were faring better at the time of writing, with solid gains of over 4% for Binance Coin (BNB), Avalanche (AVAX), Chainlink<\/a> (LINK), Sui (SUI), and Hedera (HBAR).<\/p>\n The post Bitcoin ETFs Shed $1.2B in 3 Trading Days as Altcoins Outperform BTC<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows. For the past three trading days, the eleven spot Bitcoin ETFs have shed $1.17 billion as the asset fell more than 14% from its all-time high a […]<\/p>\n","protected":false},"author":0,"featured_media":30786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30785"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30785"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30786"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin ETFs Cooling<\/h2>\n
BTC Price Outlook<\/h2>\n