Spot Bitcoin ETFs bleed $782M during Christmas week amid ‘holiday positioning’

1 hour ago

Spot Bitcoin exchange-traded funds (ETFs) recorded dense outflows implicit Christmas week, with investors pulling a combined $782 cardinal from the products, according to information from SoSoValue.

The astir important single-day withdrawal during the play occurred connected Friday, erstwhile spot Bitcoin (BTC) ETFs posted $276 cardinal successful nett outflows. BlackRock’s IBIT led the losses with astir $193 cardinal exiting the fund, followed by Fidelity’s FBTC astatine $74 million. Grayscale’s GBTC besides continued to spot humble redemptions.

Total nett assets crossed US-listed spot Bitcoin ETFs fell to astir $113.5 cardinal by Friday, down from peaks supra $120 cardinal earlier successful December, adjacent arsenic Bitcoin prices held comparatively dependable adjacent the $87,000 level.

Notably, Friday marked the sixth consecutive time of nett outflows for spot Bitcoin ETFs, making it the longest withdrawal streak since aboriginal autumn. Over this six-day stretch, cumulative outflows exceeded $1.1 billion.

Holiday outflows apt impermanent

Vincent Liu, main concern serviceman astatine Kronos Research, said Bitcoin ETF outflows during the Christmas play are not unusual, pointing to “holiday positioning” and thinner liquidity alternatively than a breakdown successful underlying demand.

“As desks instrumentality successful aboriginal January, organization flows typically re-engage and normalize,” helium told Cointelegraph.

Looking ahead, Liu expects conditions to amended successful aboriginal January arsenic institutions instrumentality and superior flows normalize. He added that a imaginable displacement toward Federal Reserve easing successful 2026 could further enactment ETF demand, with complaint markets already pricing successful 75 to 100 ground points of cuts.

“Rates markets are already pricing ~75–100 bps of cuts, pointing to easing momentum. Next, bank-led crypto infrastructure keeps scaling, reducing friction for ample allocators,” helium said.

Crypto ETF outflows awesome cooling organization demand

In a caller report, Glassnode said that Bitcoin and Ether ETFs person entered a sustained outflow phase, suggesting institutional investors are pulling back from crypto exposure. Since aboriginal November, the 30-day moving mean of nett flows into US spot Bitcoin and Ether (ETH) ETFs has remained negative, pointing to muted information arsenic broader marketplace liquidity tightens.

As ETFs are wide viewed arsenic a proxy for organization sentiment, the prolonged outflows bespeak a displacement distant from crypto among ample allocators aft a twelvemonth successful which institutions were a large marketplace driver.

Magazine: Bitcoin whitethorn dip to $65K successful 2026, Clarity Act speculation grows: Hodler’s Digest

View source