Institutions Exit During Christmas Holiday, Spot Bitcoin ETF Sees Net Outflow of $782 Million

BlockBeats News, December 29 — Data shows that during Christmas week, US-listed spot bitcoin ETFs experienced large-scale capital outflows, with a cumulative net outflow of approximately $782 million. Among them, Friday saw a single-day net outflow of $276 million, marking the peak outflow during the holiday period.

Specifically, BlackRock IBIT had a single-day outflow of nearly $193 million, Fidelity FBTC saw an outflow of about $74 million, and Grayscale GBTC continued its modest but persistent redemptions. As a result, the total assets under management of spot bitcoin ETFs dropped to around $113.5 billion, lower than the more than $120 billion seen earlier in December.

It is worth noting that despite the capital outflows, the price of bitcoin has remained around $87,000, indicating that this round of withdrawals 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, making it the longest outflow cycle since this autumn. However, institutional sources believe that holiday outflows are not uncommon, and as trading resumes in January, institutional funds may flow back in, making ETF capital trends more meaningful at that time.