Bitcoin ETF outflows deepen during Christmas trading lull

Spot Bitcoin exchange-traded funds recorded heavy withdrawals during Christmas week as seasonal trading patterns dominated market activity.

Data from SoSoValue shows investors pulled a combined $782 million from US-listed spot Bitcoin ETFs over the holiday period.

The largest single-day outflow occurred on Friday, when net withdrawals totalled approximately $276 million.

BlackRock’s IBIT fund led losses, recording nearly $193 million in redemptions in one session.

Fidelity’s FBTC followed with roughly $74 million in net outflows on the same day.

Grayscale’s GBTC also continued to post modest but persistent redemptions.

Total assets under management across spot Bitcoin ETFs fell to about $113.5 billion by the end of the week.

Earlier in December, total ETF assets had exceeded $120 billion.

Bitcoin prices remained relatively stable near the $87,000 level despite the withdrawals.

The period marked the sixth consecutive day of net outflows for spot Bitcoin ETFs.

This represented the longest withdrawal streak since early autumn.

Over the six-day stretch, cumulative ETF outflows surpassed $1.1 billion.

Analysts cautioned against interpreting the data as a collapse in institutional demand.