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Bitcoin spot ETF sees a net outflow of $175 million in one day, are institutions reducing their positions?
【Crypto World】On December 24th, there was a significant outflow of funds from Bitcoin spot ETFs. The total net outflow within a single day reached $175 million — a figure that is indeed quite noticeable at the end of the year.
Specifically, the giant BlackRock’s IBIT experienced a daily net outflow of approximately $91.37 million, accounting for the majority. Meanwhile, Grayscale’s GBTC also saw a net outflow of about $24.62 million. The actions of these two institutions, to some extent, reflect the true attitude of institutional investors at the end of the year.
It’s worth pondering whether this is profit-taking at year-end or some form of concern about the market’s future? From the data, large institutions are choosing to reduce their holdings at this point, which may have a certain impact on the short-term Bitcoin trend.