Which ETF led outflows this week?

TLDR

BlackRocks iShares Bitcoin Trust (IBIT) led outflows this week, with multiple daily reports showing the largest redemptions among U.S. spot Bitcoin ETFs, including a day with $91.37 million outflows per a market update.

1. IBIT topped daily redemptions midweek; Grayscales GBTC and Fidelitys FBTC followed in smaller amounts per the report above.
2. Weekly summaries also cite IBIT as the largest outflow contributor among U.S. BTC ETFs per a flow breakdown.
3. Flows were driven by seasonal factors like tax?loss harvesting, noted in an analysis.

Deep Dive

1. IBIT Led Outflows

IBIT saw the largest single?day redemptions among spot Bitcoin ETFs, including a $91.37 million outflow on Dec 24, with GBTC and FBTC trailing that day per a market update.

• Additional coverage highlights daily leadership by IBIT across several sessions during the week, reinforcing the leadership pattern per the same update.

2. Weekly Context

Weekly summaries attribute the biggest share of outflows to IBIT among U.S. spot BTC ETFs, with reported breakdowns placing IBIT at the top of the weekly withdrawal list per a flow breakdown.

• Other reports framed the weeks pattern as six straight outflow days, with Fridays outflows led by IBIT and FBTC, per a roundup.

3. Why The Outflows

Analysts point to tax?loss harvesting and thin holiday liquidity as primary drivers, expecting normalization in early January per an analysis and the roundup above.

• Multiple outlets noted eight consecutive sessions of outflows and emphasized the seasonal nature of the selling, rather than a structural demand shift per the analysis above.

Conclusion

IBIT led outflows this week, consistent with its outsized market share and multiple daily reports naming it the largest redemption source. The pattern appears seasonal and tactical, tied to tax?loss harvesting and holiday liquidity, which suggests flows could moderate as trading normalizes in early January.