OSL Trading Hours: Market highlights contradictory investor sentiment, Bitcoin ETF sees nearly $300 million in outflows

Bitcoin's price fell below $94,500 after reaching $99,500, with U.S. Bitcoin ETFs seeing nearly $300 million in outflows, reflecting mixed investor sentiment.
Institutional views are divided: some companies accumulate Bitcoin, while others like Microsoft oppose it. Nexo and 7RCC Global launched ESG-focused Bitcoin ETFs.
Ethereum shows recovery signs with growing institutional interest, though prices face downward pressure.
Crypto investments remain active: Halliburton, Cango, and UAE made significant moves, with UAE hitting a $40 billion Bitcoin investment record.
Key data (Dec 23): Bitcoin at $95,487 (+119% YTD), Ethereum at $3,330 (+45.7% YTD), and S&P 500 at 5,930.85 (+20.74% YTD).
ETF flows (Dec 20): Bitcoin ETF outflows at -$277 million, Ethereum ETF at -$75.1 million.
Markets will close for Christmas: Hong Kong and European markets for 2.5 days, U.S. markets for 1.5 days.
Notable news: MicroStrategy joins Nasdaq 100, Trump nominates a16z's Krishnan for AI policy, and Vitalik supports human intelligence tools over super-AI.
Upcoming token unlocks and launches: ENA, ADA, MRS tokens unlocking, Unichain and Nillion mainnets launching in early 2025.

1. Market observation

Keywords: ETH, ETF, BTC

After climbing to $99,500, Bitcoin continued to fall and has now fallen below $94,500. The market is also facing challenges, with the U.S. Bitcoin ETF experiencing an outflow of nearly $300 million.

Institutional attitudes are also polarized. While some companies continue to build up Bitcoin reserves, technology giants such as Microsoft are opposed. It is worth noting that Nexo and 7RCC Global have taken a different approach and launched ESG-oriented Bitcoin ETFs. In the face of market volatility, Anthony Pompliano, founder of Pomp Investments, remains optimistic and expects Bitcoin to perform strongly in 2025.

The Ethereum market also showed signs of recovery, with buying momentum gradually increasing. Although prices are still facing obvious downward pressure, the interest of institutions, especially large investors, is rising. During this period, the entire crypto industry continued to develop rapidly, and Bitcoin still maintained its market dominance. However, Bitcoin failed to hold the $100,000 mark, raising market concerns about a possible pullback.

Meanwhile, crypto investment remains hot. Halliburton invested in bitcoin mining through its Austin-based subsidiary 360 Energy, and Chinese auto dealer Cango plans to expand its crypto business. UAE bitcoin investment hit a record high of $40 billion. As author Robert Kiyosaki acknowledges, despite the advent of the digital age, traditional financial institutions still face many questions.

Overall, the performance of the Bitcoin and Ethereum markets reflects the contradictions in investor sentiment, with expectations of breaking new highs but also concerns about the risk of a pullback.

2. Key data (as of 10:25 HKT on December 23)

S&P 500: 5,930.85 (+20.74% year-to-date)
Nasdaq: 19,572.60 (+30.55% year-to-date)
10-year Treasury yield: 4.532% (+64 basis points this year)
US dollar index: 107.73 (+6.26% year-to-date)
Bitcoin: $95,487.38 (+119.0% year-to-date), with a daily spot volume of $43.499 billion
Ethereum: $3,330.05 (+45.70% year-to-date), with a daily spot volume of $22.795 billion

3. ETF flows (EST, December 20)

Bitcoin ETF: -$277 million
Ethereum ETF: -$75,115,900

4. Important Dates

With the Christmas holiday approaching, Hong Kong stocks and financial markets in many European countries will be closed for two and a half days starting from Tuesday (24th), and US stocks will be closed for one and a half days.

5. Hot News

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