Which ETFs led today's outflows?

TLDR

Todays official ETF flow tally is not yet published. On the latest confirmed outflow day, Fidelitys FBTC led redemptions, with Grayscales GBTC also negative, while BlackRocks IBIT took small inflows.

1. Most recent outflow day: FBTC had about $104 million out, net BTC ETFs ?$77.34 million on 11 Dec (UTC) per a market update. Details
2. Earlier this week: GBTC led with about $44.03 million out and FBTC ?$39.44 million on 8 Dec; IBIT had +$28.76 million. Summary
3. Interpretation: Even on outflow days, leadership often splits, with IBIT cushioning net totals while GBTC or FBTC lead redemptions. Context

Deep Dive

1. Latest Confirmed Leaders

The freshest confirmed red day was 11 Dec, when net BTC ETF flows were approximately ?$77.34 million and FBTC was the largest single outflow at about $104 million. BlackRocks IBIT still posted roughly +$76.70 million that day, and Bitwises BITB added about +$8.44 million, partly offsetting the outflows. This is consistent with weekly chop where leadership rotates between the largest issuers. Market update

2. Earlier This Weeks Pattern

On 8 Dec, net BTC ETF flows were roughly ?$60.48 million, with GBTC leading redemptions at about $44.03 million and FBTC at about ?$39.44 million, while IBIT recorded roughly +$28.76 million. The split shows investors rotating across vehicles rather than exiting uniformly. Summary

3. Why Today May Not Be Posted Yet

Daily ETF flow tallies are finalized after the close and published with a short lag. If today ends up red, leadership typically comes from GBTC or FBTC, with IBIT frequently offsetting via inflows, as seen on 8 and 11 Dec. Recent examples here.

Conclusion

The latest confirmed red session had FBTC as the largest outflow while IBIT still took in cash, and an earlier red day showed GBTC and FBTC leading outflows. Once todays tally posts, expect leadership to mirror that rotation. If you want, I can refresh when todays figures are published and flag the leaders immediately.