BTC ETF funds have seen an additional $140 million in outflows for the third consecutive day.
The spot ETF market $BTC continues to experience a sluggish trading phase as capital flows have fled for the third consecutive day.
🔴 Losing streak
On December 22, BTC ETF funds recorded a total net outflow of -$142.19 million.
This marks the third consecutive day of outflows, continuing the sell-off trend from previous days.
⚫ BlackRock stands alone
Amid a sea of red, only the giant BlackRock managed to remain in the green with a modest inflow of +$6.00 million.
However, this number is too small to offset the selling pressure from the rest of the market.
📉 Most large funds have witnessed outflows
Leading the sell-off is Bitwise with an outflow of -$34.96 million.
Next is VanEck with a loss of -$33.64 million, Grayscale with a loss of -$28.99 million, and Grayscale Mini losing an additional -$25.40 million.
📊 As of now, the total net asset value of Bitcoin ETF funds stands at $114.99 billion, accounting for 6.52% of the total BTC market capitalization.
Will BTC ETF funds recover this week?
This article is for reference only and should not be considered investment advice. Please read and consider carefully before making any decisions.
