Record Bitcoin ETF Outflows Shake Crypto Market

The cryptocurrency market witnessed a dramatic shift on December 19 as Bitcoin ETFs recorded their largest single-day outflows of the year, totaling $671.9 million.

The sell-off triggered a cascade of reactions across the market, with Bitcoin’s value retreating to approximately $94,200.

Among the notable losses, Grayscale’s GBTC saw a reduction of $208.6 million, while ARK Invest’s ARKB experienced withdrawals of $108.4 million, according to data from Farside Investors. This activity wiped out much of the progress seen earlier in December, with total Bitcoin ETF assets dropping from $121.7 billion on December 17 to $109.7 billion just two days later.

The outflows didn’t stop with Bitcoin ETFs. Combined withdrawals from crypto ETFs reached a staggering $732.4 million. Despite these losses, Bitcoin managed to maintain its dominance, accounting for 57.4% of the market. However, over $1 billion in liquidations across various platforms reflected the severity of the downturn, leaving analysts scrambling to explain the sudden shift.

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Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.