Bitcoin and Ether ETFs Experience Notable Outflows Ahead of Christmas
On December 24, 2025, bitcoin and ether spot ETFs posted notable outflows ahead of the Christmas break. BlackRock’s IBIT led bitcoin ETF outflows with $91.37 million, followed by Grayscale’s GBTC with $24.62 million. Ethereum spot ETFs saw outflows as well, led by Grayscale’s ETHE with $33.78 million, contributing to cumulative outflows totaling $5.083 billion. Conversely, Grayscale’s Ethereum Mini Trust ETF recorded a $3.33 million inflow, with cumulative inflows reaching $1.506 billion.
Data from SoSoValue showed that bitcoin spot ETFs posted $175 million in net outflows, while ether spot ETFs had $57 million in net outflows on the day. This pattern aligns with holiday liquidity trends, characterized by lower trading volumes, lighter desks, and more defensive positioning, which can exaggerate ETF flows.
These outflows do not necessarily indicate bearishness; some reflect routine rebalancing, tax management, or rolling exposure between products. As proxies for institutional demand, the negative flows suggest that cryptocurrency behaves like a risk asset when liquidity tightens.
