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US spot Bitcoin and Ethereum ETF (exchange-traded fund) outflows collectively topped $470 million yesterday. Data from Farside Investors shows that the BTC funds recorded the largest outflows, with more than $415.1 million leaving the investment products’ reserves collectively on Dec. 30. Meanwhile, ETH ETF reserves fell by $55.5 million. Fidelity Leads In Bitcoin And Ethereum ETF Outflows Both Fidelity’s BTC and ETH ETFs registered the biggest outflows. Yesterday, Fidelity’s FBTC posted $154.6 million outflows. This was after $208.6 million left the fund the day before. The next biggest outflows were posted by Grayscale’s GBTC with $134.5 million leaving the fund. Similarly, BlackRock’s IBIT, Bitwise’s BITB, Invesco’s ARKB and Grayscale’s BTC all experienced outflows. The remaining US BTC ETFs recorded no new glows. Good morning, Yesterday's Bitcoin ETF flows were negative for $415.1 milion. Fidelity had $154.6 million of outfl...

VanEck says Bitcoin is poised to record “repeated all-time highs” in coming months and could reach $180K by next year. “It is just getting started,” said VanEck’s head of digital asset research Matthew Sigel in a Nov. 14 interview with CNBC’s Squawk Box. He added that the market is now in “blue sky territory” with “no technical resistance.”  Number Of Calls To VanEck About BTC “Starting To Accelerate” During the interview, Sigel said that VanEck has experienced an influx in the number of calls from investment advisers who are either not yet invested in BTC or want to increase their exposure in the leading crypto. He subsequently predicted that capital will soon flow into Bitcoin. Sigel did, however, warn that a post-election dump may be in the cards for the flagship crypto. He noted that BTC’s price is currently displaying a similar pattern to that seen after the 2020 elections, when it doubled in...

Nearly $1 billion worth of Bitcoin (BTC) was withdrawn from cryptocurrency exchanges in the last 24 hours , according to data gathered on from blockchain analytics platform Glassnode. Over the last 24 hours , approximately $612.3 million worth of Bitcoin flowed into exchanges while $1.5 billion was withdrawn, resulting in a net outflow of $936.5 million. This massive movement of Bitcoin off exchanges reduces the circulating supply available for trading. You might also like: Bitcoin holds strong with higher market cap than Tesla despite bear market Ethereum (ETH) also saw significant outflows during the same period. Around $356.9 million entered exchanges while $544.6 million was withdrawn, for a net outflow of $187.7 million. Similarly, Tether’s USDT stablecoin had $418.1 million in inflows compared to $458.6 million in outflows, totaling -$40.5 million in net outflows. Large cryptocurrency withdrawals from exchanges are typically interpreted as a bullish sign, as...