Bitcoin ETF outflows surge to $568M as market faces renewed volatility – BitRss

• Bitcoin ETFs saw $568.8M outflows, marking the second-highest daily net withdrawal
• Ethereum ETFs resiliently closed 2024 with $35B inflows despite recent outflows

Bitcoin [BTC] Spot ETFs witnessed a significant shift in investor sentiment after three days of consistent inflows, as massive outflows totaling $568.8 million were recorded in a single day, according to Farside investors.

Bitcoin ETF update

Leading the decline was the Fidelity Wise Origin Bitcoin Fund, which experienced its largest-ever single-day outflow of $258.7 million, accounting for 45% of the total net outflow.

Ark 21Shares’ ARKB followed closely with withdrawals of $148.3 million, while BlackRock’s IBIT ETF also faced substantial outflows of $124 million.

While several other ETFs reported relatively smaller outflows, some registered no activity, reflecting a stark divergence in market behavior.

The recent Bitcoin ETF outflows marked the second-highest daily net withdrawal since their inception, trailing just $100 million behind the record $671.9 million outflow on 19 December.

This wave of outflows coincided with a significant downturn in Bitcoin’s price, with the crypt…