Bitcoin and Ethereum ETFs Face Major Outflows in Early December
- Bitcoin-ETFs saw a net outflow of $87.77 million during the first week of December.
- Ethereum-ETFs experienced a loss of $65.59 million in the same period.
- The largest outflow from Bitcoin-ETFs occurred on December 4, totaling $194.64 million.
- On December 1, Bitcoin-ETFs had an inflow of $8.48 million, which peaked at $58.50 million the next day.
- Ethereum-ETFs saw an initial outflow of $79.06 million on December 1, followed by a significant inflow of $140.16 million on December 3.
The first week of December was marked by substantial capital withdrawals from cryptocurrency exchange-traded funds (ETFs), highlighting ongoing volatility in investor sentiment towards Bitcoin and Ethereum. These fluctuations indicate challenges within the digital currency investment sector as stakeholders navigate market dynamics.
Overall, Bitcoin and Ethereum ETFs collectively lost over $150 million in early December, with Bitcoin alone accounting for nearly $88 million in outflows.(Source)
