{"id":458944,"date":"2024-12-25T10:21:06","date_gmt":"2024-12-25T10:21:06","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=458944"},"modified":"2024-12-25T10:21:06","modified_gmt":"2024-12-25T10:21:06","slug":"bitcoin-etfs-saw-338-million-in-outflows-on-christmas-eve","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-etfs-saw-338-million-in-outflows-on-christmas-eve\/","title":{"rendered":"Bitcoin ETFs saw $338 million in outflows on Christmas Eve"},"content":{"rendered":"<p>US <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> spot exchange-traded funds (ETFs) have faced four consecutive days of withdrawals, ending with notable <a href=\"https:\/\/cryptoslate.com\/insights\/bitcoin-etfs-record-over-1-billion-outflows-ahead-of-christmas-contrasting-ethereums-inflow-surge\/\">outflows on Christmas Eve<\/a>.<\/p>\n<p><a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">Data<\/a> from SoSovalue on Dec. 24 shows that ETFs saw recorded combined outflows of $338.4 million on Christmas Eve.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/companies\/blackrock\/\">BlackRock's<\/a> <a href=\"https:\/\/cryptoslate.com\/products\/ishares-bitcoin-trust\/\">iShares Bitcoin ETF<\/a> led this decline, suffering its largest single-day outflow of $188.7 million. <a href=\"https:\/\/cryptoslate.com\/products\/fidelity-wise-origin-bitcoin-trust\/\">Fidelity's Bitcoin ETF<\/a> followed with $83 million in withdrawals, while <a href=\"https:\/\/cryptoslate.com\/products\/ark-21shares-bitcoin-etf\/\">Ark and 21Shares' Bitcoin ETF<\/a> posted net outflows of $75 million.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/products\/bitwise-bitcoin-etf\/\">Bitwise's BITB<\/a> fund was the only ETF to record positive net inflows, adding $8.5 million. The remaining funds saw no activity during the day.<\/p>\n<p>Meanwhile, the outflows mark a notable reversal after an extended streak of positive flows. Over the past four trading days, Bitcoin ETFs have seen cumulative outflows of over $1.5 billion, representing their most significant downturn since the November elections that returned <a href=\"https:\/\/cryptoslate.com\/people\/donald-trump\/\">Donald Trump<\/a> to the White House.<\/p>\n<p>Despite the current trend, the ETFs have a cumulative flow of $35.49 billion and hold $110 billion worth of digital assets.<\/p>\n<h2>Steady inflows for Ethereum<\/h2>\n<p>While Bitcoin ETFs struggled in the past few days, Ethereum-focused spot ETFs continued to attract investor interest.<\/p>\n<p>SoSoValue data showed that the ETH-related investment vehicles had $53.5 million in net inflows, with <a href=\"https:\/\/cryptoslate.com\/products\/ishares-ethereum-trust-etf\/\">BlackRock's Ethereum fund<\/a> leading the way with $43.9 million in inflows. <a href=\"https:\/\/cryptoslate.com\/products\/bitwise-ethereum-fund\/\">Bitwise's Ethereum ETF<\/a> saw $6.2 million in inflows, while <a href=\"https:\/\/cryptoslate.com\/products\/fidelity-ethereum-fund\/\">Fidelity's Ethereum product<\/a> added $3.45 million.<\/p>\n<p>Since their launch in July, Ethereum funds have steadily gained traction in the market despite their initial performance lagging behind the Bitcoin ETFs.<\/p>\n<p>However, they have recently seen a resurgence, highlighted by a streak of inflows that extended for 18 consecutive days before tapering off.<\/p>\n<p>Analysts at Matrixport explained that these sustained inflows underline Ethereum's continued appeal among institutional investors and reinforce its status as a key digital asset in the crypto ecosystem.<\/p>\n<p>The Ethereum funds have a collective flow of $2.51 billion as of Dec. 24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Bitcoin spot exchange-traded funds (ETFs) have faced four consecutive days of withdrawals, ending with notable outflows on Christmas Eve. Data from SoSovalue on Dec. 24 shows that ETFs saw recorded combined outflows of $338.4 million on Christmas Eve. BlackRock&#8217;s iShares Bitcoin ETF led this decline, suffering its largest single-day outflow of $188.7 million. Fidelity&#8217;s [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":458945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,78665],"tags":[72190,79612,79939],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETFs saw $338 million in outflows on Christmas Eve<\/title>\n<meta name=\"description\" content=\"Bitcoin ETFs experience significant outflows over $338 million while Ethereum funds report continued investor interest.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-etfs-saw-338-million-in-outflows-on-christmas-eve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs saw $338 million in outflows on Christmas Eve\" \/>\n<meta property=\"og:description\" content=\"Bitcoin ETFs experience significant outflows over $338 million while Ethereum funds report continued investor interest.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-etfs-saw-338-million-in-outflows-on-christmas-eve\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-25T10:21:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/12\/bitcoin-etf-outflow-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-etfs-saw-338-million-in-outflows-on-christmas-eve\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-etfs-saw-338-million-in-outflows-on-christmas-eve\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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