Bitcoin ETFs lose $825M in five days as US becomes 'biggest seller' of BTC

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Bitcoin (BTC) organization outflows continued into Christmas arsenic the US gained the rubric of biggest BTC seller.

Key points:

Bitcoin ETF netflows enactment antagonistic for Christmas Eve arsenic the organization concern vehicles suffer different $175 million.
Tax obligations and the quarterly options expiry are blamed for the mediocre performance.
Hope remains for a wide rebound aft the vacation season.

Analysis: Bitcoin organization bid to instrumentality “soon”

Data from UK-based concern institution Farside Investors confirms that connected Christmas Eve, nett outflows from the US spot Bitcoin exchange-traded funds (ETFs) totalled implicit $175 million.

Bitcoin organization superior saw nary crushed to wrapper up for the holidays portion Wall Street was inactive unfastened this week.

Farside shows that a lengthy spate of selling continued close up until the past pre-Christmas US trading league ended, with nett outflows astatine $175.3 million.

The tally is akin to that of the past 5 trading days, which each ended “in the red” for full nett outflows of $825.7 million. Since Dec. 15, each trading time has been reddish but for past Wednesday, which managed to pull nett inflows of $457.3 million.

Commenting, marketplace participants attributed the ETFs’ anemic show to seasonality.

“Most of the selling is owed to taxation nonaccomplishment harvesting, which means it'll beryllium implicit successful a week,” trader Alek wrote successful a post connected X.

Alek further noted that Friday’s record options expiry event could beryllium impacting hazard appetite.

“This is impermanent and institutions volition backmost to bidding soon,” helium added.

An accompanying illustration underscored a caller phenomenon: persistent BTC terms downside during US trading sessions.

The Coinbase Premium, which measures the quality successful terms betwixt Coinbase’s BTC/USD and Binance’s BTC/USDT pairs, has spent overmuch of December successful antagonistic territory.

“US is present the biggest seller of $BTC. Asia is present the biggest purchaser of Bitcoin,” crypto expert and entrepreneur Ted Pillows summarized.

A antagonistic Premium reflects a deficiency of purchaser request from the US — something that immoderate judge Bitcoin needs to rediscover to person a accidental astatine holding higher levels.

Bitcoin, Ether ETFs stuck since aboriginal November

Offering immoderate anticipation for 2026, trader BitBull argued that antagonistic ETF netflows, adjacent connected a 30-day moving mean basis, bash not connote “final marketplace tops.”

“Price stabilizes first, flows crook neutral, and lone past bash inflows return. For now, the information suggests liquidity is inactive, not destroyed,” helium told X followers astir some Bitcoin and Ether (ETH) ETF habits.

“A inclination alteration volition apt commencement with ETF flows turning affirmative again earlier terms makes a beardown move.”

30-day moving mean netflows person been consistently antagonistic since the commencement of November.

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