Record Outflows in Bitcoin ETFs: $4.57 Billion

Bitcoin ETFs Experience Worst Period in History

Spot exchange-traded funds (ETFs) listed in the United States saw a record outflow of $4.57 billion in total during the months of November and December. This indicates a decline in institutional interest in Bitcoin and other digital assets.

During this period, the price of Bitcoin fell by 20%. The decline is attributed to a decrease in investors' risk appetite. Moreover, Ethereum exchange-traded funds also faced losses of over $2 billion.