Bitcoin and Ether ETFs Experience Notable Outflows Ahead of Christmas
On December 24, 2025, Bitcoin and ether spot ETFs recorded significant outflows ahead of the Christmas holiday, driven by reduced liquidity and a risk-off market sentiment. BlackRock's IBIT ETF experienced the largest single-day outflow, totaling $91.37 million.
Grayscale's Bitcoin Trust (GBTC) saw outflows amounting to $24.62 million, while its ether trust (ETHE) posted outflows of $33.78 million, contributing to a cumulative historical outflow of $5.083 billion. In contrast, the Grayscale Ethereum Mini Trust ETF (ETH) recorded an inflow of $3.33 million, bringing cumulative inflows to $1.506 billion.
Data from SoSoValue indicated net outflows of $175 million from bitcoin spot ETFs and $57 million from ether spot ETFs on the same day. Additionally, $52.7 million in ether spot ETF net outflows were reported for the day.
Holiday trading patterns contributed to these flows, as trading volumes typically decline, desks operate with fewer staff, and positioning shifts to more defensive stances. Even modest orders can significantly impact ETF flows, and spreads may widen during these less liquid sessions. Experts note that negative flows do not necessarily indicate bearish market sentiment; some outflows may result from routine portfolio rebalancing, tax management strategies, or rolling exposure between different products.
