Overview
- SoSoValue data show about $782 million exited U.S.-listed spot Bitcoin ETFs over the Christmas week, trimming total assets to roughly $113.5–$113.83 billion while cumulative net inflows since launch remained near $56.8 billion.
- Friday posted the largest single-day move with roughly $276 million in redemptions, led by BlackRock’s IBIT at about $193 million and Fidelity’s FBTC near $74 million, as Grayscale’s GBTC saw smaller withdrawals.
- The redemptions extended into a six-session run with total withdrawals surpassing $1.1 billion, and several funds recorded zero flows on some days as trading activity thinned over the holidays.
- Glassnode’s 30-day moving average of net flows for U.S. spot Bitcoin and Ether ETFs has stayed negative since early November, signaling a broader pullback by institutional participants beyond seasonal effects.
- Context from CoinShares and Farside shows crypto ETPs still attracted $46.7 billion year to date in 2025, and analysts caution that single-day outflow headlines can mislead given cohort rotations and ETF plumbing that decouple flows from immediate spot buying.