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Bitcoin's December Gains at Risk Amid ETF Withdrawals

Mary Liu

Summary: Bitcoin is on track for its first monthly loss in over four months, trading around $94,500 Friday after hitting a record $108,316 earlier this month.  The potential monthly decline would be Bitcoin's first in over four months. Contributing to the downward pressure are significant outflows from U.S. spot Bitcoin exchange-traded funds (ETFs). Investors have pulled $1.5 ...

Bitcoin is on track for its first monthly loss in over four months, trading around $94,500 Friday after hitting a record $108,316 earlier this month. 

The potential monthly decline would be Bitcoin's first in over four months. Contributing to the downward pressure are significant outflows from U.S. spot Bitcoin exchange-traded funds (ETFs). Investors have pulled $1.5 billion from U.S. spot Bitcoin ETFs in recent days, the largest outflow since Trump's election.

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