Which BTC ETFs led inflows yesterday?

TLDR

Yesterday (23 Dec, UTC), US spot Bitcoin ETFs saw a net outflow of about $142.19 million, so there was no inflow leader on the day per a flow recap report.

1. Outflows were led by Grayscales GBTC at $28.99 million and Bitwises BITB at $34.96 million per the recap above.
2. On the last strong inflow day (18 Dec), FBTC led with $391.5 million, followed by IBIT at $111.2 million per a market update article.
3. The prior US session (22 Dec ET) saw small net inflows into IBIT (~$6.0 million) while most funds bled, per a daily tally note.

Deep Dive

1. Net Outflow Day

The latest days flows were negative for US spot BTC ETFs, totaling about $142.19 million in net outflows on 23 Dec (UTC). This means no fund led inflows yesterday, as aggregate flow was negative and the named leaders were outflows, not inflows per the recap report.

2. Outflow Leaders

The days outflows were concentrated in a few funds:

1. GBTC: about $28.99 million net outflow report above.
2. BITB: about $34.96 million net outflow report above.
3. Additional redemptions hit ARKB and HODL, per the same daily roundup above.

3. Recent Inflow Leaders

When flows do turn positive, leadership has tended to cluster in the largest funds:

1. FBTC led a strong day on 18 Dec with $391.5 million inflows, while IBIT added $111.2 million per a market update article.
2. On 22 Dec (ET), IBIT was the only fund with a modest ~$6.0 million inflow, while the group still posted net outflows per a daily tally note.

Conclusion

Yesterday was a net outflow day for US spot Bitcoin ETFs, so none led inflows. When inflows return, leadership has typically come from IBIT and FBTC, which are the largest and most active products. For actionable monitoring, watch whether those funds print meaningful positive net flows on the next session and whether breadth improves across the cohort.