Overview
- Spot Bitcoin ETFs saw a second straight day of withdrawals on Dec. 16 with $277 million in net outflows, led by BlackRock’s IBIT at roughly $210 million, while Fidelity’s FBTC posted a small inflow.
- One day earlier, combined redemptions reached about $582.4 million, including $357.6 million from Bitcoin funds and roughly $224.8 million from Ethereum products, the largest daily outflow in about two weeks.
- On-chain data showed BlackRock transferring 47,463 ETH to Coinbase Prime on Dec. 16, a move described as ETF inventory rebalancing during heavy redemptions rather than a straightforward sell signal.
- Listed Bitcoin and Ethereum ETFs fell roughly 5% on the day of the larger outflows, reflecting pressure from rapid flow adjustments during market volatility.
- Despite the pullback, ETF market size and cumulative inflows remain substantial, with Bitcoin funds at $112.27 billion in net assets and $57.55 billion in net inflows since launch, and Ethereum funds at $18.27 billion in net assets and $12.86 billion in net inflows.