TLDR
U.S. spot Bitcoin (BTC) ETFs with the largest outflows this week were Fidelitys FBTC and BlackRocks IBIT.
- Fidelity Wise Origin (FBTC) had about $230.1 million outflow on Monday per a market update.
- BlackRock iShares (IBIT) saw roughly $210 million outflow on 16 Dec per a flows summary.
- Bitwise (BITB) and ARK 21Shares (ARKB) posted notable outflows, near $44.3 million and $34.3 million respectively, per the report above.
Deep Dive
1. FBTC Led One Days Redemptions
Fidelity Wise Origin Bitcoin Fund (FBTC) recorded the largest single-fund outflow early in the week.
- On Monday, net redemptions were about $230.1 million for FBTC, the biggest among BTC ETFs that day per a market update.
- That session marked the largest combined BTC and ETH ETF outflows since Nov 20, underscoring risk-off behavior in traditional markets and crypto per the same update.
When a leading fund like FBTC tops redemptions, it often signals broader institutional de-risking rather than an isolated issuer issue.
2. IBITs Large Outflow Midweek
BlackRocks iShares Bitcoin Trust (IBIT) showed the largest outflow in a different session.
- On 16 Dec, spot BTC ETFs saw $277 million net outflows, led by IBIT at about $210 million per a flows summary.
- The same day, Bitwise BITB saw near $50 million outflow while FBTC had modest inflows, highlighting rotation among major issuers per the summary above.
Leadership in flows can flip day to day; IBITs large redemption suggests allocation shifts across issuers rather than a single persistent pattern.
3. Other Funds With Notable Redemptions
Beyond FBTC and IBIT, other spot BTC ETFs also posted sizable withdrawals.
- Bitwise BITB had about $44.3 million and ARK 21Shares ARKB near $34.3 million in Monday outflows per a market update.
- Reports through the week consistently cite broad net redemptions tied to macro caution, with fund-by-fund leadership changing across sessions per the coverage above.
Flow leadership alternates; watching daily issuer-level prints gives the best read on where institutional de-risking is concentrated.
Conclusion
This weeks largest BTC ETF outflows were session-dependent: FBTC led one days redemptions while IBIT led another, with BITB and ARKB also posting sizable withdrawals. The rotation across issuers reflects broader institutional de-risking tied to macro jitters rather than a single-fund narrative, so monitoring daily fund-level flows remains key.
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