Bitcoin ETFs faced a significant blow, with a staggering $582 million net outflow, marking the second-highest withdrawal event ever recorded. This was mirrored in the Ethereum space, where funds experienced a hefty $159.3 million in outflows.
Fidelity's FBTC emerged as a leading player in this scenario, with a withdrawal of $258 million, highlighting a shift in investor sentiment. The price of Bitcoin simultaneously took a hit, declining to $92,500, largely due to ongoing macroeconomic concerns.
Interestingly, in December 2024, there was a stark contrast observed with ETFs investing in 51,500 BTC compared to only 13,850 BTC being mined, showcasing the vast appetite of ETFs despite market fluctuations.
