Bitcoin Spot ETFs Face Record Outflows Amid Federal Reserve's Cautious Stance

Bitcoin (BTC) spot exchange traded-funds (ETFs) recorded $672 million in outflows on Dec. 19, the largest single-day sell-off since launching earlier this year, following the Federal Reserve's latest policy moves. This sharp withdrawal marks a 335% drop from the $275 million in inflows BTC spot ETFs recorded on Dec. 18, according to SoSo Value data . Ethereum (ETH) spot ETFs also experienced a significant withdrawal, with outflows of $60.47 million on Dec. 19, from the $2.45 million in inflows the day prior. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io