2025-12-27 12:23:46

This week's performance of spot BTC ETFs is quite interesting — overall, there was a net outflow of $825 million this week. Among them, products from leading institutions were the most active, with a single-day outflow of $91.37 million, and traditional Grayscale funds also followed suit, with a weekly outflow of $24.62 million.

Why is this happening? Analysts have provided an answer: the year-end Tax Loss Harvesting is coming. Simply put, institutions and high-net-worth investors are locking in losses before the end of the year to offset taxes, which is a common practice at year-end. It is expected that this outflow pressure will ease next week.

Looking at the broader market, BTC is currently priced at $87,500, and the total assets under management (AUM) of spot ETFs still exceed $113.8 billion. More notably, from the beginning of the year to now (YTD), these products have accumulated a net inflow of $56.9 billion — indicating that institutional enthusiasm for allocation remains strong throughout the year.

Interestingly, buyers from Asia are gradually becoming the main force in taking positions, which may serve as a stabilizer in upcoming trading sessions.

BTC0,55%

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SlowLearnerWang

· 11h ago

Oh wow, I just realized the Tax Loss Harvesting trick again. If it's the same every year, how can I still get caught? Asian buyers stepping in? I just want to see how long this stability can last this time. Over 800 million in outflows sounds scary, but with 56.9 billion YTD net inflow sitting right here, it's a bit of a face slap. Gray scale following along? This big guy also has to pay taxes, haha. 87,500 already? I was still shouting that the bottom was here just last year.

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GateUser-40edb63b

· 11h ago

Tax loss harvesting strategy again, here we go, doing this every year.

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NotFinancialAdviser

· 11h ago

tax loss harvesting? Here we go again? The annual "legal weed harvesting" operation... Are Asian bagholders ready?

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OnlyUpOnly

· 11h ago

Tax loss harvesting is played every year; institutions are this shrewd... But Asian buyers are really taking over, and it will go up again then.

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SchrodingerProfit

· 11h ago

Tax loss harvesting this move happens every year, get used to it. A rebound should happen next week. Grayscale is really selling off, but Asian buyers are already in position. A net inflow of 56.9 billion indicates that institutions are still optimistic. Don't be scared by the short-term outflows. This is just a routine year-end operation; just endure it. Institutions are doing tax harvesting, while we are bottom-fishing. Everyone does what they need to do.

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