TLDR
Latest confirmed session shows BlackRock iShares Bitcoin Trust (IBIT) led outflows; Grayscale Bitcoin Trust (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC) followed (Dec 24), per a market update.
- IBIT outflows were about $91.37 million on Dec 24, leading peers according to a market report.
- GBTC and FBTC saw roughly $24.62 million and $17.17 million in redemptions, respectively, the same day per the update above.
- On Ether, Grayscale ETHE led with about $33.78 million in outflows on Dec 24, also noted in the report above.
Deep Dive
1. Bitcoin Leaders
IBIT topped redemptions in the latest confirmed trading session, with about $91.37 million leaving the fund on Dec 24. GBTC and FBTC followed with approximately $24.62 million and $17.17 million in outflows, respectively, consistent with daily tallies shared in a widely cited market report.
Seasonal dynamics likely amplified these moves. Separate coverage echoed similar figures, attributing the days leaders to the same set of funds and citing thin holiday liquidity as a contributing factor in outflows across bitcoin ETFs, with IBIT again at the top in the latest daily snapshot shared by a financial news brief.
If you are tracking today, these funds are the ones to watch when fresh flow sheets post. The same products often lead on heavy redemption days.
2. Ether Leaders
For Ether ETFs, Grayscale ETHE led single?day redemptions with roughly $33.78 million on Dec 24, while other Ether products also saw net outflows that session, per the market report above.
The same coverage noted a modest offset from Grayscales Ethereum Mini Trust, which recorded a small inflow, underscoring that leadership in outflows can be concentrated even when a subset of products attracts fresh capital in the same session, as reflected in the brief above.
For Ether, ETHE is the key barometer on outflow days. A shift in ETHE flows often signals a broader change in ETH ETF tone.
3. Why Outflows Clustered
Holiday effects and year?end positioning stand out. Coverage this week linked the streak of redemptions to tax loss harvesting and de?risking into thin liquidity, a pattern that can exaggerate day?to?day swings, as summarized in a market wrap.
Beyond the single day, several reports pointed to a run of negative days for crypto ETFs around Christmas week, reinforcing the idea that seasonal flows, rather than a fundamental break, are driving the leaderboard of outflows, per the brief above.
Expect leadership in outflows to skew toward the largest, most traded funds during thin conditions. A normalization in volumes after the holidays could quickly change the leaderboard.
Conclusion
The latest confirmed session shows IBIT leading outflows for bitcoin and ETHE leading for ether, with GBTC and FBTC also posting sizable redemptions. Seasonal tax and holiday effects appear to be the main drivers, so leadership can flip quickly once liquidity returns and positioning resets. Watching the next daily flow print will confirm whether this pattern persists or fades.
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