As the broader cryptocurrency market faces increasing volatility, Bitcoin 
$94,319 ETF products have also experienced significant fluctuations. Recent market data reveals that U.S. Spot BTC ETFs closed the week with an outflow of $287 million. This situation heightened market concerns as the BTC price dropped to $94K, prompting crypto enthusiasts to closely monitor the fundamental token’s future price movements in light of declining institutional interest and recent volatility.
Major Outflows in Bitcoin ETFs
According to recent data provided by Farside Investors, Bitcoin ETFs recorded an outflow of $287.9 million as of December 27th. These substantial outflows highlight decreasing institutional interest and have created considerable uncertainty among investors amid the current market volatility.
The data shows that Fidelity’s FBTC ETF saw an outflow of $208.2 million yesterday. Additionally, Ark Invest’s ARKB model experienced an outflow of $112.6 million. Bitwise’s BITB ETF reported an outflow of $36 million, while Invesco’s BTCO ETF experienced a $14.2 million outflow. Conversely, BlackRock’s IBIT ETF recorded an inflow of $79.4 million.
Current Status of BTC
At the time mentioned in the report, the BTC price dropped by approximately 0.5% on a daily basis, currently hovering around $94,214. Over a 24-hour period, the lowest and highest prices were $93,310.74 and $97,294.85, respectively. Weekly charts reflect the volatility in the crypto market and the outflows in Bitcoin ETFs, indicating a 5% decline in value.
Expert Opinions and Expectations
Renowned author Robert Kiyosaki expressed expectations that BTC could reach $350K by 2025. The outflows from Bitcoin ETFs and current market volatility are capturing the attention of investors. However, strong inflows and long-term expectations suggest that Bitcoin may show signs of stable recovery. Close monitoring of market dynamics could provide insights for investors regarding future movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
