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Bitcoin ETFs saw $338 million in outflows on Christmas Eve


by Oluwapelumi Adejumo
for CryptoSlate
Bitcoin ETFs saw $338 million in outflows on Christmas Eve

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US Bitcoin spot exchange-traded funds (ETFs) have faced four consecutive days of withdrawals, ending with notable outflows on Christmas Eve.

Data from SoSovalue on Dec. 24 shows that ETFs saw recorded combined outflows of $338.4 million on Christmas Eve.

BlackRock’s iShares Bitcoin ETF led this decline, suffering its largest single-day outflow of $188.7 million. Fidelity’s Bitcoin ETF followed with $83 million in withdrawals, while Ark and 21Shares’ Bitcoin ETF posted net outflows of $75 million.

Bitwise’s BITB fund was the only ETF to record positive net inflows, adding $8.5 million. The remaining funds saw no activity during the day.

Meanwhile, the outflows mark a notable reversal after an extended streak of positive flows. Over the past four trading days, Bitcoin ETFs have seen cumulative outflows of over $1.5 billion, representing their most significant downturn since the November elections that returned Donald Trump to the White House.

Despite the current trend, the ETFs have a cumulative flow of $35.49 billion and hold $110 billion worth of digital assets.

Steady inflows for Ethereum

While Bitcoin ETFs struggled in the past few days, Ethereum-focused spot ETFs continued to attract investor interest.

SoSoValue data showed that the ETH-related investment vehicles had $53.5 million in net inflows, with BlackRock’s Ethereum fund leading the way with $43.9 million in inflows. Bitwise’s Ethereum ETF saw $6.2 million in inflows, while Fidelity’s Ethereum product added $3.45 million.

Since their launch in July, Ethereum funds have steadily gained traction in the market despite their initial performance lagging behind the Bitcoin ETFs.

However, they have recently seen a resurgence, highlighted by a streak of inflows that extended for 18 consecutive days before tapering off.

Analysts at Matrixport explained that these sustained inflows underline Ethereum’s continued appeal among institutional investors and reinforce its status as a key digital asset in the crypto ecosystem.

The Ethereum funds have a collective flow of $2.51 billion as of Dec. 24.

The post Bitcoin ETFs saw $338 million in outflows on Christmas Eve appeared first on CryptoSlate.

Read the article at CryptoSlate

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Bitcoin ETFs saw $338 million in outflows on Christmas Eve


by Oluwapelumi Adejumo
for CryptoSlate
Bitcoin ETFs saw $338 million in outflows on Christmas Eve

Share:

US Bitcoin spot exchange-traded funds (ETFs) have faced four consecutive days of withdrawals, ending with notable outflows on Christmas Eve.

Data from SoSovalue on Dec. 24 shows that ETFs saw recorded combined outflows of $338.4 million on Christmas Eve.

BlackRock’s iShares Bitcoin ETF led this decline, suffering its largest single-day outflow of $188.7 million. Fidelity’s Bitcoin ETF followed with $83 million in withdrawals, while Ark and 21Shares’ Bitcoin ETF posted net outflows of $75 million.

Bitwise’s BITB fund was the only ETF to record positive net inflows, adding $8.5 million. The remaining funds saw no activity during the day.

Meanwhile, the outflows mark a notable reversal after an extended streak of positive flows. Over the past four trading days, Bitcoin ETFs have seen cumulative outflows of over $1.5 billion, representing their most significant downturn since the November elections that returned Donald Trump to the White House.

Despite the current trend, the ETFs have a cumulative flow of $35.49 billion and hold $110 billion worth of digital assets.

Steady inflows for Ethereum

While Bitcoin ETFs struggled in the past few days, Ethereum-focused spot ETFs continued to attract investor interest.

SoSoValue data showed that the ETH-related investment vehicles had $53.5 million in net inflows, with BlackRock’s Ethereum fund leading the way with $43.9 million in inflows. Bitwise’s Ethereum ETF saw $6.2 million in inflows, while Fidelity’s Ethereum product added $3.45 million.

Since their launch in July, Ethereum funds have steadily gained traction in the market despite their initial performance lagging behind the Bitcoin ETFs.

However, they have recently seen a resurgence, highlighted by a streak of inflows that extended for 18 consecutive days before tapering off.

Analysts at Matrixport explained that these sustained inflows underline Ethereum’s continued appeal among institutional investors and reinforce its status as a key digital asset in the crypto ecosystem.

The Ethereum funds have a collective flow of $2.51 billion as of Dec. 24.

The post Bitcoin ETFs saw $338 million in outflows on Christmas Eve appeared first on CryptoSlate.

Read the article at CryptoSlate

In This News

Coins

$ 88.21K

+3.19%

$ 2.98K

+5.42%

$ 0.0136

+4.61%

$ 0.254

+4.45%

$ 0.00...361


Share:

In This News

Coins

$ 88.21K

+3.19%

$ 2.98K

+5.42%

$ 0.0136

+4.61%

$ 0.254

+4.45%

$ 0.00...361


Share:

Read More

Crypto index ETFs will dominate 2026 because the SEC is about to break the single-asset model

Crypto index ETFs will dominate 2026 because the SEC is about to break the single-asset model

US spot crypto ETFs have attracted more than $70 billion in net inflows since January...
XRP ETFs Grow Past $60M As Price Struggles To Respond

XRP ETFs Grow Past $60M As Price Struggles To Respond

XRP-linked exchange-traded funds reached about $60 million in assets under management...