Significant Outflows in Bitcoin and Ethereum ETFs Noted on December 23
12/23/2024 3:20:17 PM
According to Lookonchain, on December 23, there was a notable net outflow from Bitcoin and Ethereum ETFs. Specifically, Bitcoin ETFs experienced a net outflow of 5,353 BTC, equivalent to approximately $502.17 million. The Grayscale Bitcoin Mini Trust contributed significantly to this outflow, with 1,959 BTC, valued at $184.15 million, leaving the trust, which still holds 38,276 BTC valued at $3.6 billion. On the Ethereum side, ETFs saw a net outflow of 43,129 ETH, amounting to around $142.11 million. The iShares (Blackrock) ETF was a major contributor, with an outflow of 29,988 ETH, worth $98.81 million, though it continues to hold 1,017,502 ETH, valued at $3.35 billion. These outflows could indicate shifting investor sentiment or portfolio rebalancing strategies. (Source)
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