U.S. Bitcoin spot exchange-traded funds (ETFs) faced four straight days of withdrawals, ending with notable outflows on Christmas Eve.
SoSovalue data from December 24 shows that ETFs saw combined outflows of $338.4 million on Christmas Eve.
BlackRock’s iShares Bitcoin ETF led the decline, suffering its largest single-day outflow of $188.7 million. Fidelity’s Bitcoin ETF followed with $83 million in withdrawals, while Ark and 21Shares’ Bitcoin ETF saw net outflows of $75 million.
Bitwise’s BITB fund was the only ETF to see positive net inflows, adding $8.5 million. The remaining funds saw no activity during the day.
At the same time, capital outflows mark a notable reversal after a long series of positive flows. Over the past four trading days, Bitcoin ETFs have seen cumulative outflows of more than $1.5 billion, representing their biggest downturn since the November election that returned Donald Trump to the White House.
Despite the current trend, ETFs generate a cumulative flow of $35.49 billion and hold $110 billion in digital assets.
Constant inflows for Ethereum
While Bitcoin ETFs have struggled in recent days, Ethereum-focused spot ETFs have continued to attract investor interest.
Data from SoSoValue showed that ETH-related investment vehicles saw net inflows of $53.5 million, with BlackRock’s Ethereum fund leading the way with $43.9 million in net inflows. Bitwise’s Ethereum ETF saw $6.2 million in inflows, while Fidelity’s Ethereum product added $3.45 million.
Since their launch in July, Ethereum funds have gradually gained market traction despite initially lagging behind Bitcoin ETFs.
However, they have recently experienced a resurgence, highlighted by a series of influxes that lasted for 18 consecutive days before subsiding.
Matrixport analysts explained that these sustained inflows highlight Ethereum’s continued appeal among institutional investors and reinforce its status as a key digital asset in the crypto ecosystem.
Ethereum funds had a collective flow of $2.51 billion as of December 24.
