{"id":145266,"date":"2024-12-21T17:00:14","date_gmt":"2024-12-21T15:00:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145266"},"modified":"2024-12-21T16:18:52","modified_gmt":"2024-12-21T14:18:52","slug":"investors-pull-billions-from-bitcoin-etfs-amid-market-downturn","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/investors-pull-billions-from-bitcoin-etfs-amid-market-downturn\/","title":{"rendered":"Investors Pull Billions from Bitcoin ETFs Amid Market Downturn"},"content":{"rendered":"

BlackRock’s Bitcoin<\/a> <\/strong>ETF (IBIT) experienced<\/a> <\/strong>its largest-ever outflow, further amplifying concerns. Fidelity\u2019s FBTC also saw a notable reduction earlier this week, signaling a decline in risk-taking among market participants.<\/p>\n

The recent plunge in Bitcoin prices has dampened market sentiment, leading to substantial withdrawals from digital asset funds. US Spot Bitcoin ETFs halted their consistent inflows on December 18, as the market turmoil intensified.<\/p>\n

Data from Farside Investors revealed that BlackRock\u2019s IBIT witnessed an unprecedented outflow of $72.7 million on December 20. This followed Fidelity\u2019s FBTC, which saw $208.5 million withdrawn on December 19 \u2014 the largest outflow since its launch in January 2024. Total withdrawals from US Spot Bitcoin ETFs reached $671.9 million and $277 million on December 19 and 20, respectively, underscoring the impact of the market’s volatility.<\/p>\n