Bitcoin ETFs Turn Red With $175M Outflows: Ethereum ETFs Lose $52.7M

Bitcoin ETFs extended their losing streak on December 24, recording $175.29 million in net outflows. The losses marked the sixth negative day in the past eight trading sessions.

Data from SoSoValue shows Ethereum ETFs also faced redemptions with $52.70 million in outflows. At the same time, XRP and Solana ETFs maintained positive flows with $11.93 million and $1.48 million, respectively.

BlackRock Leads Bitcoin ETFs Outflows

Bitcoin ETFs saw $175.29 million in net redemptions on December 24, bringing cumulative inflows to $56.90 billion.

BlackRock’s IBIT led the outflows, with $91.37 million in redemptions, resulting in a 1,040 BTC reduction in its holdings. The product maintains $62.25 billion in cumulative inflows, making it the largest Bitcoin ETF by this metric.

IBIT’s December 24 performance marks a reversal from recent sessions when it posted positive flows while other products faced redemptions.

The $91.37 million outflow represents the largest single-product loss for the day. Total trading volume across all Bitcoin ETFs reached $1.57 billion, while total net assets stood at $113.83 billion.

Grayscale products recorded combined outflows of $30.43 million. GBTC saw $24.62 million in exits, losing 281.22 BTC and maintaining a cumulative outflow of -$25.18 billion.

Grayscale Bitcoin Mini Trust (BTC) posted $5.81 million in redemptions, shedding 66.34 BTC and holding $1.94 billion in cumulative inflows.

Fidelity’s FBTC recorded $17.17 million in outflows, losing 196.09 BTC. The product holds $12.17 billion in cumulative inflows. Bitwise’s BITB saw $13.32 million exit, shedding 152.15 BTC and maintaining $2.12 billion in cumulative flows.

ARK 21Shares (ARKB) reported $9.88 million in outflows, resulting in a loss of 112.89 BTC and bringing its cumulative inflows to $1.61 billion.

VanEck’s HODL recorded $8.05 million in redemptions, shedding 91.91 BTC. The product holds $1.09 billion in cumulative inflows.

Several products reported zero activity, including Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, WisdomTree’s BTCW, and Hashdex’s DEFI.

Bitcoin ETFs Face Sustained Redemption Pressure

The December 24 outflows extend a pattern of consistent losses for Bitcoin ETFs. The products have recorded six negative days in the past eight sessions, with only December 17 posting positive flows during this period.

The recent losing streak began on December 18 with $161.32 million in outflows. December 19 followed with $158.25 million in redemptions.

After a brief positive day, December 22 saw $142.19 million exit, December 23 recorded $188.64 million in outflows, and December 24 added $175.29 million in losses.

Total assets have declined from $118.27 billion on December 12 to $113.83 billion on December 24, a reduction of $4.44 billion over twelve days.

Cumulative inflows have decreased from $57.90 billion to $56.90 billion during the same period, representing $1 billion in net redemptions.

Ethereum ETFs Record Third Consecutive Outflow Day

Ethereum ETFs posted $52.70 million in net outflows on December 24, bringing cumulative inflows to $12.38 billion. The losses marked the third consecutive negative day after a brief recovery on December 22.

Grayscale’s ETHE led the redemptions, with $33.78 million in outflows, resulting in the shedding of 11,470 ETH. The trust maintains -$5.08 billion in cumulative outflows and total assets of $2.70 billion. ETHE has faced consistent selling throughout December.

BlackRock’s ETHA recorded $22.25 million in outflows, losing 7,560 ETH. The product holds $12.62 billion in cumulative inflows and remains the largest Ethereum ETF by this metric.

The December 24 losses reversed some of the gains from December 22, when ETHA posted positive flows.

Grayscale’s ETH provided the only positive flow among Ethereum ETFs with $3.33 million in inflows, adding 1,130 ETH.

The product maintains $1.51 billion in cumulative inflows. Seven other Ethereum ETF products reported zero activity, including Fidelity’s FETH, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH.