U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23
The U.S. spot Bitcoin ETFs faced significant net outflows totaling $226.42 million on December 23, marking the third consecutive day of declines, as per data from Trader T on X. This shift reflects varying investor sentiment during the holiday season amidst ongoing market volatility.
Key Insights Into ETF Activity
Despite the overall outflows, BlackRock’s IBIT stood out with a net inflow of $31.78 million, suggesting continued confidence among investors in the world’s largest asset manager’s Bitcoin fund.
On the other hand, major outflows were recorded across several ETFs:
Fidelity’s FBTC: $146 millionGrayscale’s GBTC: $38.4 millionBitwise’s BITB: $23.7 millionInvesco’s BTCO: $25.6 millionARK Invest’s ARKB: $15.7 millionGrayscale’s Mini BTC: $6.2 millionVanEck’s HODL: $2.6 million
Other ETFs reported minimal or no significant net flows.
Factors Influencing the Outflows
The net outflows indicate a period of caution among investors, driven by:
Year-End Portfolio Adjustments
Many investors rebalance their portfolios during the year-end, which could contribute to these withdrawals.Market Volatility
Bitcoin has seen significant price fluctuations, raising concerns over near-term risks.Institutional Strategy Changes
Institutional investors might be re-evaluating their strategies, leading to temporary shifts in capital.
BlackRock’s Resilience Amid Outflows
While most ETFs faced declines, BlackRock’s IBIT recorded notable inflows. This resilience underscores BlackRock’s growing influence in the cryptocurrency sector and its reputation as a trusted brand among retail and institutional investors alike.
Implications for Bitcoin and ETF Markets
The combined outflows emphasize the short-term uncertainty in Bitcoin’s trajectory.However, consistent inflows into select funds like BlackRock’s IBIT suggest that institutional confidence in Bitcoin remains intact.This divergence highlights the importance of ETF management and branding in attracting and retaining investor capital.
Conclusion
The net outflows from U.S. spot Bitcoin ETFs signal cautious investor sentiment but also showcase pockets of resilience, particularly in BlackRock’s IBIT. With the cryptocurrency market navigating a volatile period, ETF flows will remain a critical indicator of market dynamics and institutional confidence in Bitcoin.

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Finance giant VanEck, which has approximately $90 billion in assets under management, has decided to close its own futures ETF, following the approval of the US Securities and Exchange Commission (SEC) for the Bitcoin (BTC) futures exchange traded fund (ETF).New York-based investment management company VanEck announced in a press release that it plans to close and liquidate the VanEck Bitcoin Strategy ETF, which is listed on the Chicago Stock Options Exchange (CBOE). It continually monitors and evaluates the ETF portfolio, taking into account a number of factors. The decision to liquidate the fund was made as a result of analysis of these factors and other operational issues.” VanEck is closing the futures Bitcoin ETF: investors will be paid in cash. VanEck stated that the futures ETF will be closed on January 30 and liquidated on February 6. Investors holding company shares will receive a cash amount proportionate to their account. After years of rejection, the SEC made the expected decision last week, approving the first spot Bitcoin ETFs and establishing the first official connection between the digital assets industry and Wall Street. Leading firms that received approval included VanEck, BlackRock, Fidelity, ARK Invest, and Franklin Templeton. Spot Bitcoin ETFs allow investors to invest in the crypto king without purchasing the digital asset directly. VanEck was approved by the SEC earlier this year for spot Bitcoin. If the ETF application is approved, it has pledged to donate some of its profits to support Bitcoin Core developers for at least 10 years. Bitcoin is trading at $42,267 at the time of writing, up 2.1 percent in the last 24 hours.