Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Investors Withdraw Record $569M From Spot Bitcoin ETFs

Investors Withdraw Record $569M From Spot Bitcoin ETFs

HappyCoinNewsHappyCoinNews2025/01/10 08:44
By:HappyCoinNews

On Wednesday, January 8, US spot Bitcoin -funds faced a massive outflow of funds. In just one day, investors withdrew ETF $569,1 million. This was the second-largest daily outflow since the launch of Bitcoin ETFs in January 2024. And it is only $100 less than another massive outflow of capital, which occurred on December 19 last year and amounted to $671,9 million.

According to Farside, investors withdrew the most money from the Fidelity Wise Origin fund Bitcoin Fund — $258,7 million or about 45% of the total daily outflow.

The cryptocurrency market is also seeing massive liquidations. According to CoinGlass, about $521 million has been withdrawn in the last XNUMX hours. This happened after Bitcoin fell below $95,000 amid concerns about the US Federal Reserve tightening monetary policy this year.

Bitcoin's decline is primarily due to good economic data from the US, which points to a potential increase in interest rates, says Ryan Lee, chief analyst at Bitget Research.

However, while Bitcoin has had a “hesitant start” to 2025, some traders say it’s too early to draw conclusions about the flagship cryptocurrency’s volatility. And overall market sentiment hasn’t fallen too far, according to the Cryptocurrency Fear and Greed Index.

Investors Withdraw Record $569M From Spot Bitcoin ETFs image 0

The index currently shows a "greed" level of 69, nine points below the "extreme greed" level of 78 recorded 30 days ago.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Gold price near all-time high amid increased bitcoin and equity volatility

Gold is trading above $2,820, nearing Monday’s all-time high, while volatility in bitcoin and U.S. equities continues to rise.Analysts underscore gold’s status as a safe-haven asset during market uncertainty — noting that, although bitcoin is often dubbed “digital gold,” its greater volatility and shorter track record make it a less stable alternative.

The Block2025/02/04 13:55

US Ethereum ETFs post record $1.5 billion daily trading volume amid Trump tariff turmoil

Spot Ethereum ETFs in the U.S. witnessed record trading volumes on Monday amid the President Trump tariff-fueled turmoil.Following Trump’s tariff announcements on Saturday, ether was one of the hardest hit, dropping 36% to a low of around $2,100 on Monday.

The Block2025/02/04 13:55

Trump effect on bitcoin so far similar to 2016 win

The end of the bull market would look much worse than this

Blockworks2025/02/04 13:33