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Bitcoin ETFs saw $338 million in outflows on Christmas Eve
- US Bitcoin spot exchange-traded funds (ETFs) witnessed four consecutive days of withdrawals, with significant outflows on Christmas Eve. ETFs recorded combined outflows of $338.4 million, led by BlackRock's iShares Bitcoin ETF with a single-day outflow of $188.7 million. Ethereum-focused spot ETFs, on the other hand, continued to attract investor interest with net inflows of $53.5 million.
- Bitcoin ETFs experienced significant outflows of $338 million on Christmas Eve, marking a reversal after a streak of positive flows. BlackRock's iShares Bitcoin ETF recorded the largest outflow of $188.7 million, while Ethereum-focused spot ETFs continued to see net inflows of $53.5 million.
- Over the past four trading days, Bitcoin ETFs saw cumulative outflows of over $1.5 billion, the largest downturn since the November elections. However, the total flow of Bitcoin ETFs stands at $35.49 billion with $110 billion worth of digital assets held.
- While Bitcoin ETFs faced outflows, Ethereum-focused spot ETFs attracted investor interest with net inflows of $53.5 million. BlackRock's Ethereum fund led with $43.9 million in inflows, contributing to the cumulative flow of Ethereum funds reaching $2.51 billion.
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