The encrypted market is "wintering"! The redemption of Bitcoin spot ETF exceeded 4.5 billion US dollars in two months, creating the most fierce capital withdrawal since its launch.

It's noted that Bitcoin spot ETFs listed in the United States saw the largest outflow of funds ever recorded in November and December. This highlights a sharp shift in investor sentiment as cryptocurrency prices have fallen from recent historical highs. Industry data shows that Bitcoin spot ETFs recorded a total net redemption of $4.57 billion during these two months, marking the largest withdrawal since the product was launched in January 2024. November bore the brunt of the selling pressure, with a total outflow of $3.48 billion, followed by an outflow of $1.09 billion in December. The sharp redemptions coincided with a significant decline in Bitcoin prices. In November and December, the price of Bitcoin fell by about 20%, sliding from around $109,554 to around $89,422. This widespread correction began earlier in the fourth quarter, after the digital currency reached a historic high of $126,272 on October 6, with the upward momentum fading. Ethereum-related products also faced similar headwinds. Ethereum spot ETFs saw a net outflow of around $2 billion during the same two-month window, reflecting the general weakness in the digital asset market, not just limited to Bitcoin. The record outflows highlight how quickly funds flowing into cryptocurrency-related investment products can reverse during periods of heightened volatility, as investors reevaluate their risk exposure amid price declines and changing market conditions.