Christmas Holiday Exodus Sees Spot Bitcoin ETF Outflows of $782 Million

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

Specifically, BlackRock's BITO saw a single-day outflow of nearly $193 million, Fidelity's FBTC saw an outflow of about $74 million, and Grayscale's GBTC saw a slight but continuous fund redemption. As a result, the total assets under management of Bitcoin spot ETFs dropped to around $113.5 billion, below the $120 billion mark earlier in December.

It is worth noting that despite the fund outflows, the Bitcoin price still held around $87,000, indicating that this fund withdrawal was more likely due to year-end asset rebalancing and reduced holiday liquidity rather than market panic.

Analysis points out that this is the sixth consecutive trading day of net outflows for the spot Bitcoin ETF, with total outflows exceeding $1.1 billion, marking the longest outflow period since the fall. However, institutional professionals believe that holiday outflows are not uncommon, and as trading resumes in January, institutional funds may flow back, making the ETF fund flow direction more significant.