Bitcoin ETFs See Another $277 Million Outflow with Long-Term Holders Selling

Amid the strong Bitcoin price correction, spot Bitcoin ETF outflows have surged simultaneously, clocking another $277 million on Dec. 16. This surge in outflows, along with the sell-off from long-term holders, highlights the waning institutional sentiment. BTC price is currently around $86,500 as analysts brace for further volatility ahead of the US CPI, and BoJ rate hike decisions this week. Bitcoin ETF Outflows Remain Strong On Tuesday, Dec. 16, spot Bitcoin ETFs recorded outflows for the second conse ...