Bitcoin ETFs Bleed Billions: A Gogolian Tale of Financial Woe

The 11 spot ETFs collectively suffered net outflows of $1.09 billion in December, following a much more alarming $3.48 billion in November. This combined two-month redemption marks the largest since their debut in January 2024, as per data from the ever-reliable SoSoValue. The wave of outflows signals a significant decline in institutional appetite for Bitcoin, coinciding with its precipitous price drop.




