{"id":92619,"date":"2025-12-24T19:00:21","date_gmt":"2025-12-24T16:00:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92619"},"modified":"2025-12-25T12:17:43","modified_gmt":"2025-12-25T09:17:43","slug":"on-the-eve-of-christmas-spot-bitcoin-etfs-lost-188m","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/on-the-eve-of-christmas-spot-bitcoin-etfs-lost-188m\/","title":{"rendered":"Spot Bitcoin ETFs Shed $188 Million Ahead of Christmas"},"content":{"rendered":"

On 23 December, at the start of the Christmas holidays<\/span>, exchange-traded funds based on the two largest cryptocurrencies by market capitalisation recorded combined outflows of $284.1m.<\/p>\n

Investors pulled $188.6m from bitcoin ETFs<\/a> \u2014 the negative streak extended to a fourth straight day.<\/p>\n

\"image\"
Flows in and out of spot bitcoin ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

IBIT from BlackRock alone accounted for $157.3m. FBTC from Fidelity, GBTC from Grayscale and BITB from Bitwise shed $15.3m, $10.2m and $5.7m, respectively.<\/p>\n

Ethereum funds lost $95.5m, a day after attracting $84.6m.<\/p>\n

\"image\"
Flows in and out of spot Ethereum ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

ETHE from Grayscale led the outflows, with $50.9m withdrawn. ETHA from BlackRock, ETHW from Bitwise and EZET from Franklin Templeton went \u201cinto the red\u201d by $25m, $13.9m and $5.6m, respectively.<\/p>\n

Kronos Research chief investment officer Vincent Liu explained<\/a> the sector\u2019s weakness by seasonal technical factors rather than a shift in long-term sentiment. In his view, the market is being driven by thinner holiday liquidity, routine portfolio rebalancing and natural year-end profit-taking.<\/p>\n

\n

\u201cThe flows have been unstable over the past couple of months, and some degree of end-of-year risk reduction and tidying up of the balance sheet is normal, especially after a volatile fourth quarter,\u201d added Presto Research research fellow Rick Maeda.<\/em><\/p>\n<\/blockquote>\n

Altcoin ETFs\u00a0<\/h2>\n

Exchange-traded funds based on XRP<\/a> have drawn capital for the 27th consecutive trading session<\/a>. On 23 December, inflows totalled $8.1m, bringing cumulative intake since launch to $1.1bn.<\/p>\n

\"image\"
Flows in and out of spot XRP ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

Assets under management across these products stand at $1.2bn \u2014 0.98% of the coin\u2019s total supply. The largest fund is XRPC from Canary.<\/p>\n

Solana<\/a> ETFs also continue to post positive figures. On 22 December, the products took in $7.4m. Cumulative inflows reached $754.2m.<\/p>\n

\"image\"
Flows in and out of spot Solana ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

Funds based on the altcoin manage $940.9m, or 1.3% of Solana\u2019s supply.<\/p>\n

Institutional favourite\u00a0<\/h2>\n

In 2025, bitcoin remained the favourite among institutional investors. Its share of the ETF sector consistently hovered between 70% and 85%, writes The Block<\/a>.<\/p>\n

Big players view the first cryptocurrency as the primary point of entry to the market. They approach other digital assets with far more selectivity and caution.<\/p>\n