U.S. Spot Bitcoin ETFs Recorded $782 Million in Outflows During Christmas Week.
Spot Bitcoin exchange-traded funds in the United States saw heavy withdrawals during the holiday period.
Investors pulled $782 million from the products over Christmas week, according to data from SoSoValue.
Friday marked the largest single-day withdrawal, with $276 million exiting the funds.
BlackRock Inc. (NYSE: BLK) IBIT led the outflows with nearly $193 million in redemptions.
Fidelity Investments' FBTC followed with $74 million in withdrawals.
What Happened
The Friday withdrawals marked the sixth consecutive day of net outflows for spot Bitcoin ETFs.
This represents the longest withdrawal streak since early autumn.
Cumulative outflows exceeded $1.1 billion over the six-day period.
Total net assets across U.S.-listed spot Bitcoin ETFs fell to approximately $113.5 billion by Friday.
That figure is down from peaks above $120 billion earlier in December.
Bitcoin prices held relatively steady near $87,000 throughout the period.
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Why It Matters
Vincent Liu, chief investment officer at Kronos Research, said the Christmas period outflows are not unusual.
He pointed to "holiday positioning" and thinner liquidity rather than weakening institutional demand.
"As desks return in early January, institutional flows typically re-engage and normalize," Liu told Cointelegraph.
Blockchain analytics firm Glassnode reported that the 30-day moving average of net flows into U.S. spot Bitcoin and cryptocurrency ETFs has remained negative since early November.
The firm said this suggests muted participation from institutional allocators as broader market liquidity tightens.
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