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Data shows a total of $338.4 million was withdrawn on December 24, marking a sharp contrast to previous inflow trends.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 Fidelity’s fund followed with $83 million withdrawn, while Ark and 21Shares reported combined losses of $75 million.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

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.