On Wednesday, the third trading day of the week, US-based Bitcoin $93,505.3 and Ethereum 
$3,317.9 There were large outflows of funds from exchange traded funds (ETFs). Accordingly, $582 million came out of spot Bitcoin ETFs and $159 million came out of spot Ethereum ETFs. Cryptocurrency ETFs in the US were shaken by the renewed rise of inflation concerns and macroeconomic uncertainties, negatively affecting the cryptocurrency market.
Historic Outflows in Cryptocurrency ETFs
Bitcoin ETFThe outflow of 582 million dollars from ‘s was the second highest outflow recorded since the date these investment instruments began to be traded. The first record was broken with a net outflow of 680 million dollars recorded on December 19, 2024. FidelityThere was an outflow of 258 million dollars from FBTC fund in this period, making it the fund with the highest outflow. BlackRockThere was an outflow of 124 million dollars from ‘s IBIT fund.
Ethereum ETFs painted a similar picture. With an outflow of $159 million, it was the highest fund outflow after the outflow of $162 million in July 2024.
The latest developments surrounding cryptocurrency ETFs in the US cryptocurrency marketIt reveals that there is a serious loss of trust in the whole. Especially the 8.5 percent decline in Bitcoin’s price in the last three days has further reduced investors’ appetite for risky assets.
Cryptocurrency Market Shakes with Inflation and Market Uncertainties
cryptocurrency The recent harsh movements in the market were further exacerbated by the publication of the December meeting minutes of the US Federal Reserve (Fed). While the minutes discussed the need to slow down the rate of increase in interest rates, Donald TrumpConcerns were expressed that ‘s economic policies could put pressure on inflation. The volatility seen in the bond market during the same period caused investors to turn to safe havens.
On the other hand, some experts state that these fund outflows in the cryptocurrency market are temporary and may be reversed with positive economic data. BRN analyst Valentin Fournier“US non-farm employment data to be announced on Friday will direct the markets. We expect volatility to decrease towards the end of the week. “Investors can take strategic positions by focusing on Bitcoin,” he said.
Investors are expected to reposition according to the economic data to be announced in the coming days. However, current conditions cause risk appetite to remain low in the cryptocurrency market.
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 carry out their transactions in line with their own research.
