Bitcoin ETFs Extend Outflow Streak to Seven Days as BTC Struggles Below $88K

Key Insights

• Bitcoin ETFs recorded seventh consecutive day of outflows on Dec 29.
• Seven negative days produced combined losses of $1.12 billion.
• Ethereum ETFs posted $9.63 million in outflows on December 29.

Bitcoin ETFs extended their losing streak to seven days with $19.29 million in net outflows on December 29. The losses marked the seventh negative day in eight trading sessions, with only December 17 posting positive flows.

Data from SoSoValue shows the seven outflow days from December 18 through December 29 produced combined losses of $1.12 billion, bringing cumulative inflows to $56.61 billion.

Bitcoin ETFs Post Seventh Outflow Day

Bitcoin ETFs saw $19.29 million in net redemptions on December 29, bringing cumulative inflows to $56.61 billion. Trading volume reached $2.27 billion for the session.

The December 29 losses is the smallest single-day outflow during the recent streak, with previous sessions recording substantially larger redemptions.

BlackRock’s IBIT led the outflows, with $7.92 million in redemptions, resulting in a 90.75 BTC reduction in its holdings.

Bitcoin ETF SoSoValue

The product maintains $62.05 billion in cumulative inflows and $67.17 billion in total assets. IBIT has posted negative flows for five of the past seven trading days.

ARK 21Shares (ARKB) recorded $6.66 million in outflows, losing 76.38 BTC. The product holds $1.60 billion in cumulative inflows and $3.26 billion in total assets.

Invesco’s BTCO saw $10.41 million exit, shedding 119.39 BTC and maintaining $205.14 million in cumulative inflows.

Fidelity’s FBTC bucked the trend with $5.70 million in inflows, adding 65.32 BTC. The product holds $12.10 billion in cumulative inflows and $17.57 billion in total assets.

FBTC was the only Bitcoin ETF to post positive flows on December 29.

Nine products reported zero activity. Grayscale’s GBTC and BTC, Bitwise’s BITB, VanEck’s HODL, Franklin’s EZBC, Valkyrie’s BRRR, WisdomTree’s BTCW, and Hashdex’s DEFI all showed no flows.

Seven-day Streak Produces $1.12B in Losses

The recent outflow streak began on December 18 with $161.32 million in redemptions. December 19 followed with $158.25 million in losses.

December 22 recorded $142.19 million in exits, December 23 posted $188.64 million in outflows, and December 24 added $175.29 million in redemptions.

December 26 marked the worst single day with $275.88 million in outflows. December 29 closed the streak with $19.29 million in losses.

The seven negative days produced combined outflows of $1.12 billion, far exceeding the single positive day on December 17 when Bitcoin ETFs recorded $457.29 million in inflows.

Cumulative inflows have dropped from $57.73 billion on December 17 to $56.61 billion on December 29. The $1.12 billion reduction over seven trading days represents 1.9% of total cumulative flows.

Total net assets have fallen from $112.57 billion to levels below as Bitcoin price struggled below $88,000 during the period.

The sustained redemption pressure happened as Bitcoin traded in a volatile range. BTC failed to establish support above $88,000 and has created uncertainty among investors.

Ethereum ETFs Extend Losses to Ninth Day

Ethereum ETFs posted $9.63 million in net outflows on December 29, bringing cumulative inflows to $12.33 billion. Trading volume reached $892.36 million for the session.

The losses marked the ninth consecutive negative day, with no positive flow days since December 22.

BlackRock’s ETHA led the redemptions with $13.28 million in outflows, shedding 4,530 ETH.

Ethereum ETF SoSoValue

The product maintains $12.59 billion in cumulative inflows and $10.18 billion in total assets. ETHA has posted consistent losses throughout the recent streak.

Fidelity’s FETH provided the only positive flows with $3.65 million in inflows, adding 1,250 ETH.

The product holds $2.64 billion in cumulative inflows and $2.18 billion in total assets. All other Ethereum ETF products reported zero activity for the session.

Eight products showed no flows on December 29. Grayscale’s ETHE and ETH, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH all recorded zero activity.

The post Bitcoin ETFs Extend Outflow Streak to Seven Days as BTC Struggles Below $88K appeared first on The Market Periodical.