ChainCatcher reports that data shows during Christmas week, U.S.-listed spot Bitcoin ETFs experienced large-scale capital outflows, with cumulative net outflows reaching approximately $782 million. Among these, Friday alone saw net outflows of $276 million, marking the peak outflow during the holiday period.
Specifically, BlackRock’s IBIT recorded daily outflows of nearly $193 million, Fidelity’s FBTC saw outflows of about $74 million, while Grayscale’s GBTC continued with small but persistent redemptions. As a result, the total assets under management for spot Bitcoin ETFs dropped to around $113.5 billion, down from over $120 billion earlier in December.
It is noteworthy that despite the capital outflows, Bitcoin prices remained around $87,000, indicating that this withdrawal is more likely due to year-end portfolio rebalancing and reduced holiday liquidity rather than market panic.
Analysis points out that this marks the sixth consecutive trading day of net outflows for spot Bitcoin ETFs, with cumulative outflows exceeding $1.1 billion, representing the longest outflow cycle since this autumn. However, institutional sources suggest that holiday outflows are not uncommon, and as trading resumes in January, institutional funds may return, making ETF capital flows more indicative at that time.
