Bitcoin ETFs scooped up almost 3X more BTC than produced in December
Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced.
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Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced.
BlackRock’s IBIT has also seen a record three consecutive trading days of outflows.
According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has over $648 million in assets under management.
The brokerage reportedly cited expectations of a crypto-friendly regulatory environment under incoming President Trump as a key consideration.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.
US spot Bitcoin ETFs have notched a positive net inflow nearing half a billion after four trading days which bled over $1.5 billion.
BlackRock’s Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds.
According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.
On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.
