As reported by Coinomedia, U.S. spot Bitcoin ETFs experienced $175 million in net outflows on December 24, with BlackRock’s IBIT ETF leading the exodus with a $91.37 million outflow. In contrast, Solana and XRP spot ETFs saw net inflows of $1.48 million and $11.93 million, respectively. The outflows suggest cautious sentiment among institutional investors amid Bitcoin’s recent price movements and the holiday season’s typically lower trading volumes.
Bitcoin ETFs Record $175M Outflows on Dec 24, BlackRock's IBIT Hit Hardest
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Summary
Bitcoin news reports $175 million in net outflows from U.S. spot Bitcoin ETFs on December 24, with BlackRock’s IBIT leading the exodus at $91.37 million. Solana and XRP ETFs saw inflows of $1.48 million and $11.93 million, respectively. Bitcoin analysis indicates cautious sentiment from institutional investors amid price swings and lower holiday trading volumes.
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