Bitcoin and ETH ETFs Dump $582M, Markets Cry as Prices Plummet! 😂💸

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Hold onto your hats, folks! The US Bitcoin and Ether ETFs just decided to throw a giant temper tantrum, bleeding out $582 million faster than you can say “HODL.” 💥💰

Oh, the drama! Our beloved crypto ETFs have taken a nosedive, spilling their guts and their cash – because what’s more fun than watching billion-dollar funds bolt faster than a roadrunner on espresso? ☕️🐦

 

US Bitcoin and Ether ETFs faced an epic purge this Monday. Prices dipped lower than your cousin Larry at his prom night. 🚨

It was the largest single-day splash since mid-November – talk about a splash zone! Both Bitcoin and Ether ETFs saw their investors scream, “Take my money, it’s too scary!” 💸🙀

Crypto Funds Say “Bye Bye” in Style

In total, a whopping $582 million evaporated faster than your paycheck after rent. Bitcoin alone threw out $357.6 million, while Ether squeaked out $224.8 million – talk about a garage sale! 🛍️

And what do you think happened to Bitcoin? Dropped to around $85,100, then did a quick “I’m fine” recovery, while Ether kindly traded below $3,000 – like a toddler refusing vegetables. 🥦💩

As Farside reports, it wasn’t just one big fund, but many. Fidelity Wise Origin Bitcoin Fund led the charge, screaming “I want out!” with other big names like Bitwise and ARK following suit. Meanwhile, BlackRock’s iShares Bitcoin Trust stayed as steady as a rock – guess they’re channeling their inner Spartacus. 🤺

Ether funds weren’t left out – iShares Ethereum Trust alone saw over $139 million vanish into the night, probably to buy more pizza. 🍕

Monday: The Day the Market Took a Nap

This Monday thing? Turns out it’s the worst day of the week for Bitcoin. Velo’s data ranks Monday as the third-harshest, right after Thursday and Friday – because who needs weekends when your investments are bleeding? 😅

The “Monday Factor”: Turns out, Monday is like that bad date you regret – consistently hitting new lows in 2025. Several of the year’s biggest crashes happened right here. According to Velo, Monday is no friend of your wallet.

– Ismeidy (@ismeidyfinanzas)

So, as if Mondays weren’t enough, traders now see this day as a “sell everything” day – because who doesn’t love a good depression with their coffee? ☕️😭

Interestingly, ETF activity follows this pattern, with institutions rushing to unload their holdings early in the week, just because they’re enthusiastic like that. 🤹‍♂️

The $83,000 Mark: The Golden Fleece of Bitcoin

Many folks are eyeing the mystical $83,000 level – the average price paid by US spot ETFs. Think of it as the “Goldilocks zone” – not too high, not too low, just right for a quick flee if it breaks. 🏃‍♂️💨

Data from Glassnode shows Bitcoin poking around this key level, having bounced off similar prices in late November and early December – maybe it’s just craving some holiday cheer, or maybe it’s just indecisive. 🎄🤔

If it drops below, more red flags will wave – not necessarily support, just a heads-up for the gamblers. Because in crypto, support is just a polite suggestion. 🎯

Related Reading: New ‘Bitcoin After Dark’ ETF Aims for Overnight BTC Trades – Because Sleep is Overrated! 🌙💤

Institutional Investors Are Playing the Red-Flag Game

Big money folks are trimming their risk like a bad haircut. ETFs are the quick way to flick a switch – when assets dip, they exit stage left faster than a magician’s rabbit. 🐇✨

Plus, Bitcoin’s newfound love for tech stocks means it’s at the mercy of NASDAQ’s mood swings. When tech stocks fall, guess what? Bitcoin joins the pity party! 🎉

So, ETF flows aren’t just about crypto; they reflect the mood swings across Wall Street. When the Nasdaq cries, Bitcoin often does too – because they’re now besties in trading misery. 😢

Overall, December’s been a rollercoaster – more outflows than inflows, leaving a net loss of around $225 million. Better luck next month? Or more of the same? Stay tuned! 🎢

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2025-12-17 06:54