Recently, there has been a noticeable capital outflow from Bitcoin spot ETFs. On December 24th, Eastern Time, the entire Bitcoin spot ETF sector experienced a net outflow of $175 million in a single day, as institutional investors seem to be taking profits ahead of Christmas.
Looking at specific products, the IBIT ETF under BlackRock became the largest net outflow, with a daily net outflow of $91.37 million, accounting for nearly half of the total outflow. However, in the long term, the IBIT ETF has a total net inflow of $62.249 billion since its launch, indicating that this ETF still enjoys overall institutional confidence.
Grayscale's GBTC followed closely, with a net outflow of $24.62 million on the same day. The capital fluctuations of these two leading Bitcoin spot ETFs are often seen as a barometer of large institutions' short-term outlook on Bitcoin. As the year-end holiday approaches, institutions may be adjusting their positions or locking in profits, which is a common seasonal phenomenon.
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BoredStaker
· 8h ago
Institutions running away, just run away, no need to make it so grand... Christmas profit-taking? I think someone knows something.
It's the same old story, every time they talk about seasonality... I wouldn't believe you.
Over 600 million in historical net inflows can't support a daily outflow of 175 million, what does that tell you?
With so much IBIT issued, why act like nothing's wrong? Institutions probably aren't that optimistic.
Year-end liquidation is real, FOMO buyers are just fools.
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AirdropHunter9000
· 8h ago
Institutional dads run away together before Christmas, too clever
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Taking profits and securing gains, it shows everyone is uncertain
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IBIT escaped with over 90 million, but long-term net inflow is 62.2 billion, this is true faith
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Every year at this time, a wave of cuts is necessary, so routine
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Grayscale is also starting to run, it seems the end of the year will indeed see adjustments
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Locking in profits before the holiday, no one can blame anyone for this
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Half of the outflow comes from IBIT? Blackstone is probably testing the market bottom
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Seasonal escape, routine operation, continue to enter next year
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ProposalDetective
· 8h ago
BlackRock is running again before Christmas, a typical big player chopping the leeks rhythm
Institutions are like this, shouting bull market during the rise, and selling off faster than anyone else during the dump
Are the 62.2 billion net inflow still running? This IBIT is really a vampire
The Christmas holiday is just a pretext, they haven't really been optimistic about the future market
This wave of outflows is at an exponential level, I'm really worried about breaking the previous high
GBTC is also following the run, indicating that everyone is uncertain
It looks like institutions have already started planning next year's leek chopping
Locking in profits sounds nice, but isn't it just taking profits when the market looks good?
Only 1.75 billion outflow? I thought it would be more, so confidence is still there
Long-term optimism but short-term escape, isn't this the typical face of institutions?
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ApyWhisperer
· 8h ago
Institutions are starting Christmas cash-outs again; this routine is the same every year.
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IBIT's withdrawals are so aggressive; how can they still attract 62.2 billion long-term? Truly a masterstroke.
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End of the year is like this—big players have already exited, retail investors are still waiting for a rebound.
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Grayscale is also bleeding; it seems like a collective dump is happening.
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Taking profits or fearing a decline later, who knows? Anyway, I'm trapped.
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With such a large amount of funds withdrawing, why is the price still here? Luckily, I didn't listen to the media.
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Clearing out before the holiday, planning to re-enter after the holiday. This move by institutions is so cliché.
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NotSatoshi
· 8h ago
Institutions are also starting to run away, is this the rhythm of harvesting before Christmas Eve?
The reason for taking profits and securing gains is so grandiose; frankly, it just means they’re not optimistic.
IBIT has only been out for a short while and has already absorbed 62.2 billion, this number is a bit crazy.
Locking in profits during the year-end holiday? I think it’s paving the way for a crash in 2025.
Big institutions are really clever; we retail investors will always be the ones to take the last hit.
Recently, there has been a noticeable capital outflow from Bitcoin spot ETFs. On December 24th, Eastern Time, the entire Bitcoin spot ETF sector experienced a net outflow of $175 million in a single day, as institutional investors seem to be taking profits ahead of Christmas.
Looking at specific products, the IBIT ETF under BlackRock became the largest net outflow, with a daily net outflow of $91.37 million, accounting for nearly half of the total outflow. However, in the long term, the IBIT ETF has a total net inflow of $62.249 billion since its launch, indicating that this ETF still enjoys overall institutional confidence.
Grayscale's GBTC followed closely, with a net outflow of $24.62 million on the same day. The capital fluctuations of these two leading Bitcoin spot ETFs are often seen as a barometer of large institutions' short-term outlook on Bitcoin. As the year-end holiday approaches, institutions may be adjusting their positions or locking in profits, which is a common seasonal phenomenon.