Bitcoin ETFs See Sharp Outflows as Ethereum Funds Attract Steady Investment

Spot Bitcoin ETFs have seen a notable decline, with four straight days of withdrawals culminating in significant outflows on Christmas Eve.

Data shows a total of $338.4 million was withdrawn on December 24, marking a sharp contrast to previous inflow trends.

The largest losses were recorded by BlackRock’s iShares Bitcoin ETF, which faced $188.7 million in outflows. Fidelity’s fund followed with $83 million withdrawn, while Ark and 21Shares reported combined losses of $75 million. In an exception to the broader trend, Bitwise’s BITB fund managed to attract $8.5 million, while other ETFs saw no activity that day.

This downturn interrupts a previously strong period for Bitcoin ETFs, with total withdrawals exceeding $1.5 billion over the past four sessions—marking the steepest decline since political events in November. Despite this, these funds still hold $110 billion in assets, supported by cumulative inflows of $35.49 billion.

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While Bitcoin ETFs faltered, Ethereum-based funds experienced consistent investor interest. On Dec. 24, they gained $53.5 million, led by BlackRock’s Ethereum ETF, which brought in $43.9 million. Smaller inflows went to Bitwise and Fidelity, which added $6.2 million and $3.45 million, respectively.

Kosta Gushterov