• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, June 24, 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

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025
Featured

CZ Warns of Deepfake Scams

June 20, 2025
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 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