Bitcoin’s Christmas Surprise: ETF Outflows Shake Market Confidence

As Bitcoin flirted with the $100,000 mark, a surprising trend emerged during the 2024 holiday season. U.S. spot Bitcoin ETFs experienced significant outflows, totaling $1.52 billion over just four days. This unexpected development challenges the narrative of institutional enthusiasm that has driven Bitcoin’s price to new heights throughout the year. BlackRock’s iShares Bitcoin Trust (IBIT) […]