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Bitcoin ETF outflows surge to 568 million USD as market faces renewed volatility

Bitcoin ETFs saw significant outflows of 568.8 million USD, marking the second-highest daily net withdrawal since inception. MAJOR contributors included Fidelity’s Wise Origin Bitcoin Fund with 258.7 million USD in outflows, followed by Ark 21Shares’ ARKB and BlackRock’s IBIT ETF with 148.3 million USD and 124 million USD, respectively. This coincided with Bitcoin’s price dropping below 95,000 USD.

Ethereum ETFs closed 2024 with substantial 35 billion USD inflows, despite recent outflows of 159.4 million USD. Analysts predict that if current trends continue, Ethereum ETFs could overtake Bitcoin ETFs. Crypto analyst Lark Davis anticipates ETH resilience and increasing investor trust indicating a possible shift in crypto investment dynamics in 2025.

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