TLDR
US spot Bitcoin ETFs with weekly net outflows (week ending 19 Dec, UTC) were BlackRock iShares Bitcoin Trust (IBIT), Bitwise (BITB), ARK 21Shares (ARKB), VanEck (HODL), and Grayscale (GBTC), per compiled flow data this week.
- IBIT about $240 million out, BITB $115 million, ARKB $100.7 million, HODL $39.2 million, GBTC $27.5 million summary.
- Fidelity FBTC was the exception, with a small weekly inflow (~$33 million) report.
- Daily flows this week also showed outflow days for IBIT, FBTC, GBTC, and BITB daily recap.
Deep Dive
1. Outflow Funds
The weeks net outflows were concentrated in several large US spot BTC ETFs. Compiled trackers show IBIT (~$240.3 million), BITB (~$115.1 million), ARKB (~$100.7 million), HODL (~$39.2 million), and GBTC (~$27.5 million) in the red for the week ending 19 Dec (UTC) weekly summary. A separate flow roundup cites the same totals and notes overall weekly net redemptions near $497 million across the cohort flow roundup.
Multiple marquee funds had net redemptions, signaling cautious institutional positioning and a weaker bid in ETF demand during the week.
2. FBTC Exception
Fidelitys FBTC bucked the weekly trend with a net inflow of roughly $33 million for the same period, per the weeks compendium flow roundup. This highlights that not all sponsors saw withdrawals even as aggregate flows were negative.
Flows were mixed by fund. One way to view this is that sponsor differences, investor bases, and timing can produce divergence even in a risk?off week.
3. Daily Flow Context
Beyond weekly totals, daily prints this week continued to show outflow days. One daily recap reported outflows at IBIT ($157.34 million), FBTC ($15.30 million), GBTC ($10.28 million), and BITB ($5.72 million) on Dec 24 (UTC) daily recap. Another noted Dec 22 (UTC) net outflows of $142 million across US BTC ETFs, with BITB the largest single?day outflow among funds tracked daily flows.
Even after the weekly negative print, daily flows stayed choppy, reinforcing that near?term sentiment remains cautious.
Conclusion
This weeks flows skewed negative across key US spot Bitcoin ETFs, with IBIT, BITB, ARKB, HODL, and GBTC posting net outflows, while FBTC saw a modest weekly inflow. The pattern suggests subdued institutional demand in the near term, with daily outflow prints reinforcing a cautious tone.
