Overview
- Investors withdrew about $782 million during Christmas week, with cumulative redemptions over the six-day stretch exceeding $1.1 billion.
- The heaviest single day saw roughly $276 million leave the group, led by BlackRock’s IBIT (~$193 million) and Fidelity’s FBTC (~$74 million), while GBTC saw modest redemptions.
- Data for Dec. 26 showed $83 million in net outflows, driven largely by FBTC, with most other ETFs reporting zero flow activity that day.
- Despite the withdrawals, the cohort still holds about $113.5–$113.83 billion in assets and nearly $56.8–$56.9 billion in cumulative net inflows since launch.
- Analysts say holiday trading and thin liquidity likely explain the week’s redemptions, though 30‑day flow gauges have been negative since early November, signaling a recent cooling in institutional demand.