Significant Capital Outflows from Bitcoin and Ethereum ETFs
- Bitcoin spot ETFs saw an outflow of $497.05 million during the week ending December 19.
- Ethereum spot ETFs experienced a larger outflow of $643.97 million in the same period.
- XRP-ETF, Solana-ETF, and LINK-ETF collectively attracted $152.21 million in new investments.
- The largest outflows from Bitcoin funds included IBIT ($240.32 million) and BITB ($115.21 million).
- For Ethereum, ETHA by BlackRock lost $558.15 million, contributing significantly to the total outflow.
The recent capital movements indicate ongoing volatility within the cryptocurrency market, with substantial losses for major cryptocurrencies like Bitcoin and Ethereum while altcoin-based funds show resilience amid market shifts.
In total, over $1.1 billion left Bitcoin and Ethereum ETFs last week, highlighting significant investor sentiment changes in the crypto landscape.
