Daily Bitcoin and Ethereum spot ETF outflows exceed $470 million

Outflows from US spot bitcoin and ethereum ETFs (exchange-traded funds) collectively surpassed $470 million yesterday.

Data of <a target="_blank" href="https://farside.co.uk/btc/”>Far Side Investors shows that btc funds recorded the largest outflows, with more than $415.1 million collectively leaving investment product reserves on December 30. <a target="_blank" href="https://farside.co.uk/eth/”>ETF ETF reserves fell by $55.5 million.

Fidelity Leads bitcoin and ethereum ETF Outflows

Both Fidelity's btc and eth ETFs recorded the largest outflows. Yesterday, Fidelity's FBTC recorded outflows of $154.6 million. This was after $208.6 million left the fund the previous day. The next largest outflows were recorded by Grayscale's GBTC, with $134.5 million leaving the fund.

Similarly, BlackRock's IBIT, Bitwise's BITB, Invesco's ARKB, and Grayscale's btc all saw outflows. The remaining US btc ETFs did not register new shine.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”15.788571428571″>

Good day,

Yesterday's bitcoin ETF flows were negative by $415.1 million.

Fidelity had outflows of $154.6 million, GBTC $134.5 million, Blackrock $36.5 million, Bitwise $31.4 million, btc $31.7 million, and Ark $26.4 million.

The price dropped from $94k to $91.8k, now sitting… pic.twitter.com/h7O1U6htMB

– WhalePanda (@WhalePanda) <a target="_blank" href="https://twitter.com/WhalePanda/status/1873966515470454805?ref_src=twsrc%5Etfw”>December 31, 2024

Regarding eth ETFs, Fidelity's FETH was among the 4 funds that suffered outflows. While FETH took the No. 1 spot in terms of outflows yesterday, Grayscale's ETHE and eth recorded respective outflows of $17.4 million and $13.8 million. Franklin's EZET also saw funds coming out of its reserves yesterday, while the rest of the eth ETFs saw no new flows.

Over $281M Liquidated in Last 24 Hours as Leveraged Longs Hit

Along with outflows from US spot bitcoin and ethereum ETFs, cryptocurrency bulls also took a hit. Data of glass coin shows that settlements in 24 hours reached more than $281 million.

Long positions in btc and eth accounted for the majority of liquidations. Around $78.94 million was wiped out of btc long positions, while eth long positions lost $38.83 million.

That's after both eth and btc saw their prices drop in the last 24 hours. bitcoin <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/”>price fell by a small margin to trade at $92,707.44 at 2:15 a.m. EST. Meanwhile, the price of eth <a target="_blank" href="https://coinmarketcap.com/currencies/ethereum/”>corrected more than 1%.

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