Spot Bitcoin ETFs See Significant Outflows at Year End
As the year comes to a close, spot Bitcoin exchange-traded funds (ETFs) are experiencing substantial outflows, indicating a challenging end to December.
Dec. 30 Outflows
- Combined outflow of $426.13 million recorded by Bitcoin ETFs
- Fidelity’s FBTC lost $154.64 million in assets
- Grayscale’s GBTC followed with $134.5 million in outflows
Other Outflows
- BlackRock’s IBIT shed $36.52 million
- Grayscale Bitcoin Mini Trust lost $31.73 million
- Bitwise’s BITB saw $31.37 million withdrawn
- ARK 21Shares’ ARKB experienced $26.4 million in outflows
- Valkyrie’s BRRR fund recorded a smaller outflow of $10.96 million
According to SoSoValue data, these withdrawals followed $387 million in net outflows during the preceding Christmas week, marking the most significant decline since September.
Despite the outflows, cumulative net inflows for Bitcoin ETFs reached $35.24 billion this year, with total assets under management at $106 billion, equivalent to 5.6% of Bitcoin’s market capitalization.
The Bitcoin price dropped to a monthly low of $91,392 before recovering slightly to $94,125 as of press time.
Ethereum ETFs Also Experience Outflows
Spot Ethereum ETFs faced outflows on Dec. 30, with $55.41 million withdrawn from nine funds, ending a four-day inflow streak.
Outflows Breakdown
- Fidelity’s FETH fund saw the highest outflows with $20.41 million withdrawn
- Grayscale’s ETHE and Mini Ethereum Trust recorded outflows of $17.36 million and $13.75 million, respectively
- Franklin Templeton’s EZET fund experienced smaller losses of $3.88 million
Other Ethereum ETFs, such as BlackRock’s ETHA, Bitwise ETHW, and VanEck’s ETHV, reported no changes in asset flows on the same day.
Despite the recent pullback, December was a strong month for Ethereum spot ETFs, with over $2 billion in net monthly inflows, the best-performing month since launching in July, indicating sustained investor interest in Ethereum-based financial products.
