• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, October 5, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Bitcoin ETFs Lose Funds Below $93K

Alex Mercer by Alex Mercer
December 24, 2024
in Featured, News
Reading Time: 3 mins read
0
Bitcoin Price Decline and Market Impact
Share on TwitterShare on Facebook

Introduction

Bitcoin exchange-traded funds (ETFs) in the U.S. are losing funds. Meanwhile, for three days, BTC ETFs saw outflows while prices dropped below $93,000. The Federal Reserve’s recent rate decision added pressure.

ETF Outflows: Key Data

According to SosoValue, BTC ETFs recorded $226.56 million in inflows on Dec. 23. However, this followed three days of heavy outflows totaling $1.18 billion. The biggest outflows came from Fidelity’s FBTC, which lost $145.97 million. In addition, Grayscale’s GBTC saw $38.39 million leave. Other ETFs with negative flows include:

  • Invesco Galaxy’s BTCO: $25.56 million.
  • Bitwise’s BITB: $23.75 million.
  • ARK and 21Shares’s ARKB: $15.75 million.
  • Grayscale Bitcoin Mini Trust: $6.18 million.
  • VanEck’s HODL: $2.62 million.

On the other hand, BlackRock’s IBIT was the only ETF with inflows, gaining $31.66 million. Since its launch, IBIT has had a total of $37.36 billion in net flows.

Bitcoin Price Drops

BTC’s price fell 4% on Dec. 23, dropping from $96,386 to $92,600. At press time, BTC traded at $94,436. As a result, this marks an 11.9% decline over the last week. The Federal Reserve’s interest rate cut added to the decline. Although the move aimed to control inflation, it slowed enthusiasm in the crypto market. Many investors had expected more aggressive rate cuts. Optimism had been fueled by Trump’s crypto-friendly policies and support for a national Bitcoin reserve. However, the Federal Reserve’s stance tempered the excitement. Furthermore, concerns over inflation added to the uncertainty.

Ethereum ETFs Show Recovery

Ethereum ETFs gained strength on Dec. 23. Nine Ethereum ETFs recorded $130.76 million in inflows, breaking a two-day outflow streak of $135.4 million. BlackRock’s ETHA led with $89.51 million in inflows. Fidelity’s EFTH followed, adding $46.37 million. Other inflows included:

  • For example, Bitwise’s ETHW: $963.72k.

However, Grayscale Ethereum Mini Trust was the only fund with outflows, losing $6.09 million. The other ETFs remained neutral. Meanwhile, Ethereum traded at $3,412, up 3.3% in the past 24 hours.

Trading Volumes and Market Trends

The daily trading volume for BTC ETFs stood at $3.52 billion on Dec. 23. Notably, this was down from $4.09 billion the previous day. Total net inflows into Bitcoin ETFs reached $35.83 billion. Meanwhile, the difference between Bitcoin and Ethereum ETF flows shows changing investor sentiment. Bitcoin struggles to hold confidence, while Ethereum gains traction.

Key Takeaways for Bitcoin ETF Investors

BTC ETF Outflows Continue: Investors are pulling funds as Bitcoin struggles below $100,000. Next, Ethereum Gains Momentum: Inflows into Ethereum ETFs highlight growing interest in ETH. Additionally, Macro Factors Impact Crypto: Federal Reserve policies are shaping market sentiment. Finally, Volatility Remains High: Both Bitcoin and Ethereum face rapid price changes.

Tags: bitcoinBitcoin DeclineBitcoin OutflowsBTC priceCrypto ETFsCrypto Marketcrypto trendsETH PriceEthereumEthereum Recovery
Previous Post

Santa Claus Rally Loses Momentum in Crypto

Next Post

Litecoin Gains Momentum Amid Network Growth

Related Posts

Featured

MetaMask Rewards Program Targets Active Users

October 5, 2025
Featured

Ethereum Foundation to Sell 1,000 ETH

October 5, 2025
Featured

OctaFX Probe Exposes Global Fraud Network

October 5, 2025
Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles
Featured

Altcoin Season Stalls as Uptober Hopes Build

October 3, 2025
bitcoin btc
Featured

Strategy Bitcoin Holdings Hit Record $77.4B

October 3, 2025
Featured

Hacker Converts Loot into Solana

October 3, 2025

Press Releases

NFT Market Sees $129M Weekly Sales as BNB Chain Surges
News

NFT Market Sees $129M Weekly Sales as BNB Chain Surges

by Jordan Avery
September 28, 2025

The NFT sector continues to show resilience with sales volumes climbing 8.13% to reach $129.1 million, marking the third straight...

Read more
Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

September 21, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier