US spot Bitcoin ETFs post $782M outflows over Christmas week despite $57.7B YTD inflows

US-listed spot Bitcoin ETFs recorded $782 million in outflows during the Christmas week, including a single-day $276 million net withdrawal on Friday. BlackRock’s IBIT lost nearly $193 million and Fidelity’s FBTC about $74 million; Grayscale’s GBTC saw modest redemptions. Total net assets for the funds declined from highs above $120 billion in early December to roughly $113.5 billion. Friday marked a sixth consecutive day of outflows (the longest streak since early autumn) with cumulative outflows over those six days exceeding $1.1 billion. Analysts attributed the moves to thinner holiday liquidity and positioning and expect flows to normalize in early January; Glassnode noted a sustained outflow phase for Bitcoin and Ether ETFs since early November, with the 30-day moving average of net flows remaining negative.
AI Analysis
Large net outflows ($782M week, $276M single day), notable redemptions at major ETFs (IBIT -$193M, FBTC -$74M), longest six-day outflow streak since early autumn and >$1.1B cumulative outflows over that period indicate short-term selling pressure; analysts expect normalization in early January which moderates long-term significance.