2025-12-25 08:26:28

On December 25th, the US spot ETF market experienced a wave of collective net outflows. According to the latest data, Bitcoin and Ethereum spot ETFs together recorded a total net outflow of $228 million on that day, with Bitcoin spot ETFs facing particularly significant pressure.

**Bitcoin Spot ETF: 5 Consecutive Days of Net Outflows**

Yesterday, Bitcoin spot ETFs saw a single-day net outflow of up to $175 million, marking the fifth consecutive trading day of capital outflows. More notably, during this trading day, none of the Bitcoin spot ETF products experienced a net inflow of funds.

The largest outflow was from BlackRock's IBIT, with a single-day net outflow of $91.37 million (equivalent to 1,040 BTC). Despite this, the fund has accumulated a total of $62.25 billion in assets. Following that, Grayscale's GBTC ranked second with a net outflow of $24.62 million (281.22 BTC), and FID's FBTC and Bitwise's BITB recorded single-day net outflows of $17.17 million (196.09 BTC) and $13.32 million (152.15 BTC), respectively.

Additionally, products like Ark&21Shares' ARKB, VanEck's HODL, Grayscale's BTC, and Franklin's EZBC also experienced net outflows yesterday, amounting to $9.88 million (112.89 BTC), $8.05 million (91.91 BTC), $5.81 million (66.34 BTC), and $5.06 million (57.85 BTC), respectively.

Overall, the total net asset value of Bitcoin spot ETFs has reached $113.89 billion, accounting for 6.51% of the total Bitcoin market capitalization. Since inception, these funds have accumulated a net inflow of $56.9 billion.

**Ethereum Spot ETF: 2nd Consecutive Day of Net Outflows**

In contrast, the pressure on Ethereum spot ETFs is equally notable. Yesterday, this sector experienced a net outflow of $52.7 million, marking the second consecutive day of net outflows this week.

Grayscale's ETHE remains the main contributor to outflows, with a single-day net outflow of $33.78 million (corresponding to 11,470 ETH). Notably, since its launch, ETHE has accumulated a net outflow of $5.08 billion, reflecting ongoing redemption pressures faced by this product.

BlackRock's ETHA saw a net outflow of $22.25 million (7,560 ETH) yesterday, but its cumulative net inflow still reached $12.62 billion. Among many Ethereum spot ETFs, Grayscale's ETH is the only product to achieve a net inflow, with a single-day net inflow of $3.33 million (1,130 ETH). However, the fund remains in a net outflow status of $5.08 billion overall.

In terms of scale, the total net asset value of Ethereum spot ETFs is $17.86 billion, accounting for 5.03% of Ethereum's total market capitalization. Since inception, the cumulative net inflow has reached $12.38 billion.

This wave of capital adjustment reflects market participants' cautious attitude towards the current macro environment and the trend of crypto assets.

BTC0.22%

ETH0.05%

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NFTArchaeologis

· 12h ago

Net outflows for five consecutive days, somewhat like a correction period in the antique market—collectors are all watching. Looking at Gray's ETHE with a cumulative outflow of over 5 billion, this is probably a sign of trust erosion. Although BlackRock's IBIT had a single-day outflow of 90 million, with a total size of over 60 billion, it somewhat acts as a ballast for the market. The rise and fall of ETFs are actually part of on-chain records; someday, when this data is retrieved, it can reveal the psychological changes in the entire ecosystem.

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TeaTimeTrader

· 12h ago

It's starting to dip again. Escaping during Christmas is really the best move.

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GasFeeTherapist

· 13h ago

Five consecutive days of net outflows, what does this imply? --- Grayscale is really impressive, with ETHE having a total outflow of $5.08 billion, and still daring to boast? --- Another Christmas Eve mass exodus... --- BlackRock's IBIT can still attract so much money, oh my --- This rhythm feels off, it seems like a change is coming --- ETH spot ETF is also starting to relax, it's uncomfortable --- All BTC spot ETFs haven't had positive income? Haha, interesting --- Another "cautious attitude," in other words, they're scared --- Grayscale GBTC is the second largest outflow... Are they admitting defeat? --- Wait, ETHA still has accumulated inflows of $12.62 billion, impressive

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AllInAlice

· 13h ago

Net outflow for 5 consecutive days, this pace is really a bit intense... --- Grayscale is bleeding again, ETHE has a total outflow of over 5 billion, it's outrageous. --- Although BlackRock's IBIT is bleeding daily, its foundation is still very solid, at 62.25 billion. --- Are all institutions clearing out on Christmas Day? Shouldn't they be on holiday lol --- Ethereum ETF only outflowed 52.7 million, less than a fraction of Bitcoin's, why is the difference so big? --- Looking at this trend, it's really a cautious attitude. What is the market digesting? --- GBTC is still continuously releasing, Grayscale is trying to drain everything. --- All are net outflows? Not a single product could handle that day, what kind of signal is this? --- BlackRock's capital-raising ability is still top-notch, even with a single-day outflow of over 90 million, it can withstand it. --- This week, ETH spot ETF has been flowing out for two days in a row, it feels like the enthusiasm is really waning.

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ContractTearjerker

· 13h ago

Net outflows for 5 consecutive days, this rhythm doesn't seem right --- IBIT still the leader with over 90 million USD invested, BlackRock's move is steady --- Grayscale ETHE has a total outflow of 5.08 billion USD, is it not over yet? --- End of the year, everyone is fleeing, truly impressive --- ETH is also starting to break defenses, shall we look at the bottom together? --- All products are in the red, this momentum is a bit fierce --- Wait, is BlackRock ETHA still holding? Something's not right --- It's the macro environment again, every time there's a loss, it's the same explanation --- For the 5th day in a row, the sellers have collapsed --- Is this what they call a "cautious attitude"? Haha

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