U.S. spot Bitcoin ETFs recorded $1.52 billion in outflows over four days.
Digital asset investment products saw $308 million in net inflows last week.
The U.S. spot Bitcoin exchange-traded funds (ETFs) have recently experienced a sharp reversal in their flow patterns. On December 24, these funds saw $338.4 million in net outflows, marking the fourth consecutive day of outflows, which have now reached $1.52 billion over the past four days. This comes after strong inflows, where over $6.7 billion flowed into spot Bitcoin ETFs leading up to December 18.
BlackRock’s IBIT ETF, in particular, saw the largest outflow, with $188.7 million exiting the fund. Fidelity’s FBTC followed closely, losing $83 million, while ARK Invest’s ARKB saw $75 million leave. Bitwise’s BITB was the only ETF to record positive movement, adding $8.5 million. The rest of the funds remained steady, with little change in their net inflows or outflows.
This ongoing streak of outflows is the longest since the aftermath of Donald Trump’s re-election, which had helped to spark a market rally. Despite the recent negative flows, the total assets held by all spot Bitcoin ETFs still stand at $107.53 billion. This is thanks to strong price performance on the same day, with some funds even seeing daily gains of up to 6.48%.
Shifting Trends in Bitcoin and Ethereum ETFs
The outflow trend starkly contrasts the peak seen earlier this month when spot Bitcoin ETFs reached $121.7 billion in net assets on December 16. However, a record single-day outflow of $680 million on December 19 has contributed to the recent decline in total assets.
On the other hand, spot Ethereum ETFs saw a brighter day on December 23, with net inflows of $130.76 million. BlackRock’s ETHA led the charge with $89.5 million in daily inflows, while Fidelity’s FETH brought in $46.4 million. Even so, Grayscale’s ETH saw a minor outflow of $6.1 million.
In the broader digital asset market, investment products experienced net inflows of $308 million last week, despite a significant outflow of $576 million on December 19. Bitcoin stood strong with $375 million in weekly inflows, while Ethereum continued its positive momentum with $51 million.
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