Bitcoin ETFs Shed $782M Over Christmas Week as Outflows Extend

Spot Bitcoin exchange-traded funds (ETFs) saw significant investor withdrawals totaling $782 million during the Christmas week, according to SoSoValue data. Friday saw the largest single-day outflow at $276 million, led by BlackRock’s IBIT ($193 million) and Fidelity’s FBTC ($74 million), continuing a six-day streak of net outflows that surpassed $1.1 billion cumulatively. Total net assets for US-listed spot Bitcoin ETFs dropped to about $113.5 billion. Experts like Vincent Liu of Kronos Research suggest these outflows are likely temporary, attributing them to "holiday positioning" and reduced liquidity, expecting institutional flows to normalize in early January. However, Glassnode noted that Bitcoin and Ether ETFs have entered a sustained outflow phase since November, signaling a potential cooling of institutional demand, as ETFs are seen as a proxy for large allocator sentiment.

(Source：Cointelegraph)