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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Massive outflows from Bitcoin and Ethereum ETF funds on 12/23
On December 23rd, US (ET) time, spot Bitcoin ETF funds continued to face strong outflows, recording a total net cash outflow of up to $189 million. This is the fourth consecutive session where the Bitcoin ETF market has experienced a divestment trend, indicating increasing caution among institutional investors. Notably, the BlackRock Bitcoin ETF (IBIT) led the outflows for the day, with a figure of $157 million, reflecting a significant decline in short-term demand for the leading digital asset in the market.
Not only Bitcoin, but spot Ethereum ETFs also performed poorly. The total net outflow from this group of ETFs reached $95.52 million on the same day. More concerning, all 9 existing Ethereum ETFs have not recorded any inflows, indicating clear investor caution regarding ETH’s short-term prospects.