TLDR
Outflows were recorded this week across several US spot Bitcoin ETFs: BlackRock iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin ETF (FBTC), Bitwise Bitcoin ETF (BITB), ARK 21Shares Bitcoin ETF (ARKB), VanEck Bitcoin Trust (HODL), Franklin Bitcoin ETF (EZBC), and Grayscale Bitcoin Trust (GBTC).
- Weekly breakdown shows IBIT leading with a $242.7M outflow (see the weekly breakdown).
- On Dec 24, IBIT had $91.37M outflows, with GBTC and FBTC also negative per a market update.
Deep Dive
1. Weekly Leaders
The latest weekly tally shows broad-based withdrawals among major funds. IBIT led with about $242.7M in net outflows, followed by FBTC (~$110.7M), BITB (~$54M), ARKB (~$31.3M), HODL (~$41.6M), EZBC (~$5.1M), and GBTC (~$72.8M). These figures come from the weekly breakdown linked above and indicate a risk-off tone across most issuers.
Flows suggest institutions were de-risking into year-end. If outflows persist next week, it could keep spot liquidity and price momentum muted.
2. Daily Pattern
The day-by-day pattern reinforced the weekly picture. On Dec 24, US spot Bitcoin ETFs saw about $175M in net outflows, led by IBIT ($91.37M), with GBTC ($24.62M) and FBTC ($17.17M) also negative as traders reduced risk into the holidays, per a market update. Several outlets tracking SoSoValue and Farside flow dashboards echoed the same drivers and magnitudes in their daily reporting.
Single-session spikes around holidays often reflect thinner liquidity and tax or positioning flows. The signal to watch is whether the negative streak extends beyond the holiday lull.
Conclusion
Multiple US spot Bitcoin ETFs logged outflows this week, led by IBIT, with FBTC, BITB, ARKB, HODL, EZBC, and GBTC also seeing withdrawals. The pattern aligns with year-end de-risking and thin liquidity. If flows stabilize or flip positive after the holiday period, market breadth and sentiment could improve; continued outflows would likely keep price action range-bound.
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