Spot Bitcoin ETFs shed $1.5 Billion in Four-Day Outflow Streak, Largest Since Trump Win
2024-12-25
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U.S.-based spot Bitcoin ETFs have witnessed a sharp reversal in inflows, shedding more than $1.5 billion over a four-day outflow streak.
This marks the longest outflow streak since Donald Trump’s re-election, which provided a much-needed boost for the market.
On December 24, spot Bitcoin ETFs recorded a total daily net outflow of $338 million, according to .BlackRock’s IBIT Lead in Terms of Outflows
Among the 12 funds, BlackRock’s IBIT led the day’s losses at -$188 million, followed by Fidelity’s FBTC at -$83.16 million and ARK Invest’s ARKB at -$75.02 million.
Bitwise’s BITB was the sole fund to record a positive daily inflow of $8.50 million, while Grayscale’s GBTC, VanEck’s HODL, Valkyrie’s BRRR, and WisdomTree’s BTCW remained flat with no notable inflows or outflows.Source: SoSo Value
Despite the net outflows, total assets held across all Bitcoin ETFs stood at $107.53 billion, supported by a day of strong price performance, with funds reporting daily gains of up to +6.48%.
The four-day streak has dragged cumulative net inflows down to $35.68 billion as of December 24.
The total net assets held by spot Bitcoin ETFs dropped to $107.53 billion, retreating from their December 16 peak of $121.7 billion.
Over this period, the funds saw their highest-ever single-day outflow of $680 million on December 19.
It is worth noting that spot Ethereum ETFs recorded a net inflow of $130.76 million on December 23, bringing the cumulative total net inflows to $2.46 billion.
Total net assets across Ethereum ETFs reached $12.05 billion, representing 2.94% of Ethereum’s market cap. The total value traded for the day stood at $494.25 million.
Among the notable performances, BlackRock’s ETHA led the market with a daily net inflow of $89.51 million, pushing its total net assets to $3.51 billion.
Fidelity’s FETH also recorded a strong inflow of $46.37 million, raising its total net assets to $1.46 billion.
Conversely, Grayscale’s ETH faced a daily outflow of $6.09 million, though its total net assets remained at $1.61 billion.
The data for spot Ethereum ETF flows on December 24 is not yet available.Digital Asset Investment Products Saw $308M Inflows Last Week
Digital asset investment products experienced net inflows of $308 million last week, though this figure conceals a significant single-day outflow of $576 million on December 19.
The week ended with a total outflow of $1 billion over its final two days, triggered largely by market reactions to the Federal Reserve’s hawkish dot plot announcement.
These movements led to a $17.7 billion reduction in total assets under management (AuM) for digital asset ETPs, marking a 0.37% decline in AuM, according to a .
While concerning, this outflow is modest compared to the largest single-day outflow of 2.3% in mid-2022, which followed an FOMC interest rate hike.
Bitcoin saw resilience with net inflows of $375 million for the week, while multi-asset investment products bore the brunt of the losses, shedding $121 million.
Ethereum continued its streak with $51 million in inflows, offset by Solana’s $8.7 million outflows.
Altcoins such as XRP, Horizen, and Polkadot saw smaller but notable inflows.