🔥 Key Takeaways
Bitcoin ETFs Bleed $825M in Five Days as US Investors Unload BTC
The Christmas season has brought no joy to Bitcoin ETF investors, as funds tracking the cryptocurrency have hemorrhaged $825 million in just five days. The losses come as US investors increasingly offload their BTC holdings, earning the country the dubious title of “biggest seller” of the digital asset.
According to data, the downturn in Bitcoin ETF performance persisted on Christmas Eve, with a brief US trading session resulting in $175 million in net outflows. This latest exodus of capital brings the total losses for the five-day period to a staggering $825 million.
The US has emerged as the driving force behind the sell-off, sparking concerns about the country’s influence on the global crypto market. The sudden and sustained dumping of BTC by US investors has raised questions about the underlying factors contributing to this trend.
As the crypto market continues to navigate the effects of this significant sell-off, investors and analysts will be keeping a close eye on the situation. The coming days and weeks will be crucial in determining whether this trend will persist or if the market will rebound.
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