Institutional retreat during Christmas holiday, spot Bitcoin ETF net outflow of $782 million

2025-12-29 by admin

BlockBeats news, December 29th, data shows that during Christmas week, U.S.-listed spot Bitcoin ETFs experienced large-scale capital outflows, with cumulative net outflows of approximately $782 million. Among them, the single-day net outflow on Friday reached $276 million, marking the peak outflow during the holiday period.

Specifically, BlackRock’s IBIT saw a single-day outflow of nearly $193 million, Fidelity’s FBTC recorded an outflow of about $74 million, while Grayscale’s GBTC continued with small but persistent redemptions. As a result, the total assets under management of Bitcoin spot ETFs dropped to around $113.5 billion, down from over $120 billion earlier in December.

Notably, despite the capital outflows, Bitcoin prices remained around $87,000, indicating that this withdrawal is more likely due to year-end asset 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 believe that holiday outflows are not uncommon, and with the resumption of trading in January, institutional funds may flow back, making ETF capital trends more indicative at that time.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.

BlockBeats news, December 29, according to HyperInsight monitoring, as ZEC price has been continuously rising since the 27th (cumulative increase of approximately 22%), the open interest (OI) of ZEC on the Hyperliquid platform has significantly increased, with the largest long and short positions on-chain both simultaneously increasing their bets.The "largest ZEC short" address has recently continued to add to its short positions, with the position size rebounding to $19.84 million, at an average price of $417, currently with an unrealized loss of approximately $4.51 million (-113%). Since opening short positions on ZEC in October, this address has been frequently active, having reduced its short position size from $16.5 million to $9.1 million on December 17, and now adding to it again. Currently, its total short position size has increased from $113 million to $163 million, making it the largest short position holder for ETH, ZEC, and MON on the platform.At the same time, a certain whale (0x6b2) significantly increased its 3x leveraged long position yesterday at an average price of $520. The current ZEC long position size has reached $32.2 million, with an average price of $431, and an unrealized profit of approximately $6.53 million (60%), making it the largest long position holder for ZEC on-chain.