Bitcoin exchange-traded funds extended their losing streak on December 26, recording a fifth consecutive day of net outflows as Bitcoin continued to struggle below the $88,000 mark.
According to market data, Bitcoin spot ETFs saw combined net redemptions of $83.27 million for the day, reflecting sustained investor caution as the cryptocurrency failed to regain key price levels. Fidelity’s FBTC led the withdrawals, posting $74.38 million in outflows, while Grayscale’s GBTC recorded $8.89 million in redemptions. All other Bitcoin ETFs showed no flow activity, and BlackRock’s IBIT figures had not been updated at the time of reporting.
As a result of the continued redemptions, total net assets under management across Bitcoin ETFs declined to $113.83 billion, while cumulative net inflows since launch remained at $56.82 billion. Bitcoin itself slipped more than 1% over the past 24 hours, trading below $88,000 after failing to sustain momentum above $90,000 earlier in the month.
The current outflow trend began on December 18, when Bitcoin ETFs saw $161.32 million in withdrawals following a brief rally the previous day that attracted $457.29 million in inflows. Selling pressure continued on December 19 with $158.25 million in outflows, before markets paused over the weekend. When trading resumed on December 22, redemptions totaled $142.19 million, followed by an acceleration to $188.64 million on December 23 and $175.29 million on December 24.
The $83.27 million withdrawn on December 26 brought the five-day total to more than $750 million in net outflows, highlighting a sharp shift in sentiment. Trading activity has also cooled significantly, with total value traded dropping to $1.57 billion on December 24, down from $5.93 billion on December 17. The prolonged outflow period has steadily reduced assets as Bitcoin’s price failed to hold above key resistance levels.
Fidelity’s FBTC accounted for nearly 89% of the December 26 redemptions, reinforcing its role as the primary driver of daily flows. Grayscale’s long-standing GBTC fund contributed the remaining outflows, while Grayscale’s mini Bitcoin trust and products from Bitwise, Ark & 21Shares, VanEck, Invesco, Franklin, Valkyrie, WisdomTree and Hashdex all recorded zero net movement.
Ethereum spot ETFs have mirrored the weakness seen in Bitcoin-linked products. On December 24, Ethereum ETFs recorded $52.70 million in net outflows, following even larger withdrawals of $95.53 million on December 23. A brief reprieve came on December 22, when Ethereum ETFs attracted $84.59 million in inflows, but selling pressure quickly returned.
Total net assets under management for Ethereum ETF products fell to $17.86 billion on December 24, down from $20.31 billion on December 11. Despite the recent drawdown, cumulative net inflows across Ethereum ETFs stood at $12.38 billion.
Market participants appear to be engaging in profit-taking and risk reduction as Bitcoin struggles to reclaim and hold levels above $90,000, a failure that has weighed on broader crypto sentiment and triggered sustained ETF redemptions across both Bitcoin and Ethereum products.