News🚨
Bitcoin Exchange-Traded Funds (ETFs) are experiencing a net outflow of $357.6 million, with no fund registering any positive inflows yesterday.
December 15 saw a gloomy trading day for Spot Bitcoin ETFs as capital flows sharply flipped into the negative territory.
🔸 The total net outflow for the day reached $357.69 million.
What’s even more concerning is that none of the 12 funds recorded positive inflows. The entire fund market has entered a state of net selling or has come to a halt.
🔸 Unexpectedly, Fidelity (FBTC) recorded the largest daily withdrawal of $230.12 million from the fund.
🔸 Bitwise (BITB) came in second place for net outflows with $44.32 million.
🔸 Fidelity, one of the pillars on the buying side, is selling off unexpectedly and in large amounts, alongside the absence of new capital, which is a clear bearish signal in the short term.
Seeing the big players dump over $200 million, do you sell out of panic or see this as an opportunity to accumulate coins at a low price during the correction?
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