News Explorer — Bitcoin Spot ETFs Experiences Record Outflows

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Dec 20, 1:16 pm

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Bitcoin Spot ETFs Experiences Record Outflows

Record-high net outflows of $671.9 million were reported by Bitcoin spot exchange-traded funds (ETFs), with Grayscale Bitcoin Trust (GBTC) losing the most capital at $208.6 million. Wintermute noted that the crypto market mirrored declines in equities and bonds, leading to a downturn in Bitcoin's price.

Record-high net outflows of $671.9 million were reported by Bitcoin spot exchange-traded funds (ETFs), with Grayscale Bitcoin Trust (GBTC) losing the most capital at $208.6 million. Wintermute noted that the crypto market mirrored declines in equities and bonds, leading to a downturn in Bitcoin's price.

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