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$288M Outflow Highlights Investor Uncertainty in Bitcoin ETFs
Bitcoin exchange-traded funds (ETFs) have experienced a staggering net outflow of $288 million on December 27, with only one inflow day recorded since December 19. This drastic shift is a stark indication that institutional investors are losing confidence in the cryptocurrency.
The latest data suggests that Bitcoin ETFs have been exhibiting mixed performance throughout December, with a dominant trend of outflows over inflows. The largest single-day outflow was observed on December 27, amounting to a staggering $288 million. This massive exodus has raised concerns about the future prospects of Bitcoin ETFs.
The market is currently witnessing unprecedented uncertainty, which may potentially drive such outflows throughout early 2025. Analysts have pointed out that macroeconomic conditions could continue to fuel this trend in the coming weeks.
Source: cryptonewsland.com
