{"id":33851,"date":"2024-12-21T21:00:20","date_gmt":"2024-12-21T18:00:20","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33851"},"modified":"2024-12-21T19:06:34","modified_gmt":"2024-12-21T16:06:34","slug":"bitcoin-etfs-face-record-671-9m-outflows-amid-market-drop","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-face-record-671-9m-outflows-amid-market-drop\/","title":{"rendered":"Bitcoin ETFs Face Record $671.9M Outflows Amid Market Drop"},"content":{"rendered":"<p>Bitcoin exchange-traded funds (ETFs) experienced a significant outflow on December 19, with a total of $671.9 million exiting the market, marking the largest single-day outflow of the year.<\/p>\n<p>According to <strong>Farside Investors<\/strong> data, the largest outflows came from <strong>Grayscale\u2019s GBTC<\/strong> fund, which saw a drop of $208.6 million. <strong>ARK Invest\u2019s ARKB<\/strong> fund also saw a decline of $108.4 million.<\/p>\n<p>These outflows coincided with Bitcoin\u2019s (BTC) price falling to $96,409 and more than $1 billion in market-wide liquidations during the same period.<\/p>\n<p>According to <strong>Sosovalue<\/strong> data, the total net asset value of Bitcoin ETFs decreased to $109.7 billion as of December 19, a significant drop from $121.7 billion on December 17.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-face-record-671-9m-outflows-amid-market-drop\/#Market_Impact\" title=\"Market Impact\">Market Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-face-record-671-9m-outflows-amid-market-drop\/#%E2%80%9CBuy_the_Dip%E2%80%9D_Sentiment_Peaks\" title=\"&#8220;Buy the Dip&#8221; Sentiment Peaks\">&#8220;Buy the Dip&#8221; Sentiment Peaks<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Impact\"><\/span>Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Bitcoin ETF outflows coincided with the drop in BTC price, leading to a total net outflow of $732.4 million from crypto ETFs. <strong>Bitcoin\u2019s market dominance<\/strong> remained at 57.4%.<\/p>\n<p>An analyst mentioned that the ongoing market decline may be short-lived, stating that the market was &#8220;completely unprepared for bad news,&#8221; which led to the sharp downturn.<\/p>\n<p>In the U.S., President-elect <strong>Donald Trump\u2019s<\/strong> administration is expected to be pro-crypto. His promises of innovation have already pushed BTC price above $107,000, restoring optimism in the market.<\/p>\n<p>However, U.S. investors faced some uncertainty after <strong>Fed Chairman Jerome Powell<\/strong> announced plans for only two rate cuts in 2025. This announcement caused the <strong>S&amp;P 500<\/strong> to drop, which has since affected the crypto market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CBuy_the_Dip%E2%80%9D_Sentiment_Peaks\"><\/span>&#8220;Buy the Dip&#8221; Sentiment Peaks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crypto analysis firm <strong>Santiment<\/strong> reported on December 19 that the ratio of social media discussions around &#8220;buying the dip&#8221; had reached its highest level in over eight months.<\/p>\n<p>The social dominance score related to &#8220;buying the dip&#8221; hit 0.061, a level last seen on April 12, when BTC price dropped below $70,000.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin exchange-traded funds (ETFs) experienced a significant outflow on December 19, with a total of $671.9 million exiting the market, marking the largest single-day outflow of the year. According to Farside Investors data, the largest outflows came from Grayscale\u2019s GBTC fund, which saw a drop of $208.6 million. ARK Invest\u2019s ARKB fund also saw a<\/p>\n","protected":false},"author":28,"featured_media":33744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[1877,4624,2072,10314,60,10315,7163,6971,840,10317,1096,10316,9437],"class_list":["post-33851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-ark-invest","tag-bitcoin-dominance","tag-bitcoin-etfs","tag-bitcoin-outflows","tag-btc","tag-btc-price-drop","tag-buy-the-dip","tag-crypto-etf","tag-crypto-market","tag-fed-rate-cuts","tag-grayscale","tag-market-liquidation","tag-trump-administration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETFs Face Record $671.9M Outflows Amid Market Drop - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-face-record-671-9m-outflows-amid-market-drop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs Face Record $671.9M Outflows Amid Market Drop - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitcoin exchange-traded funds (ETFs) experienced a significant outflow on December 19, with a total of $671.9 million exiting the market, marking the largest single-day outflow of the year. 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