Substantial Outflows from US Bitcoin ETFs Amid Market Caution
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Outflow Situation: Over the past eight trading days, US Bitcoin spot ETFs have experienced total outflows of approximately $1.875 billion, indicating a cautious stance among institutional investors amid ongoing market pressures.
- Largest Single-Day Withdrawal: The single-day withdrawal on January 21 reached $708.71 million, marking the largest outflow of the year and reflecting a decline in market confidence towards Bitcoin.
- Market Environment Impact: Bitcoin has fallen 11% over the past 13 months and is more than 30% below its all-time high from October, with concerns about a potential US government shutdown exacerbating liquidity tightening.
- Federal Reserve Policy Impact: Although the Fed opted to keep interest rates steady at 3.50%-3.75%, this policy signal may continue to exert pressure on speculative assets like Bitcoin, leading the market into a phase of consolidation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
