Bitcoin ETFs have experienced significant outflows ahead of the holiday season, with over $1 billion being withdrawn.
Fidelity's FBTC saw the largest outflow of $146 million, followed by Grayscale's Bitcoin Trust with $38.4 million and Invesco's BTCO with $25.7 million.
Bitwise's BITB and ARK Invest & 21Shares' ARKB combined for outflows of $39.6 million.
However, BlackRock's IBIT ETF attracted $31.6 million in inflows.
Despite the recent sell-offs, Bitcoin ETFs have accumulated a total of $35.83 billion in inflows since their inception, holding approximately 5.7% of Bitcoin's total supply, valued at around $105.08 billion.
Ethereum ETFs have shown resilience with inflows of $130.8 million.
BlackRock's ETHA led with $89.5 million in inflows, followed by Fidelity's FETH with $46.4 million.
Bitwise's ETHW also recorded modest gains of approximately $1 million.
Grayscale's Ethereum Mini Trust experienced a $6.1 million outflow.
The collective inflows for Ethereum ETFs have surpassed $2.46 billion since their launch.
Dimitri de Jong, founder and CTO of 204.ai, discussed the fusion of AI and blockchain technology, emphasizing the potential of decentralized systems in enhancing creative expression.
Paul Kohlhaas, founder of BIO Protocol, highlighted the vision of revolutionizing biotech funding and research through decentralized methods, advocating for an open-source approach.
The role of decentralized autonomous organizations (DAOs) in connecting scientists, patients, and investors was emphasized, with successful examples like VitaDAO driving innovation and collaboration.
Sunny Aggarwal, co-founder of Osmosis Labs and Polaris, discussed the growing role of Bitcoin in DeFi and the importance of integrating Bitcoin into multi-chain ecosystems.
Polaris aims to address the challenge of fragmented liquidity across different chains in DeFi.