[Evening News Briefing] Net Outflows from Bitcoin and Ethereum ETFs, and More
Original headline[저녁 뉴스브리핑] 비트코인·이더리움 ETF 순유출 外
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US spot Bitcoin and Ethereum ETFs posted net outflows of $398.6 million and $139.7 million respectively on December 2 (local time), per Farside Investors data as of December 3, though outflows narrowed from the prior trading day by $244.6 million for Bitcoin ETFs and $16 million for Ethereum ETFs. Separately, Binance said hourly deposits exceeded withdrawals as of noon Korea time on December 3, but Foresight News reported $3.64 billion in net outflows over the 9 hours 30 minutes following the resumption of withdrawals. The figures matter because sustained ETF outflows signal institutional demand softness for crypto exposure, while exchange flows are a key gauge of investor sentiment and potential selling pressure. Binance stated on X that user activity is improving and fund flows are stabilizing, but the market will be watching whether ETF outflows continue to shrink and whether exchange net flows turn positive in coming sessions.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Ethereum (ETH), Bitcoin (BTC), Binance, Farside Investors
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