Bitcoin Spot ETFs Post Fourth Straight Outflow — $189M Withdrawn, IBIT Leads
Bitcoin spot ETFs recorded a fourth consecutive day of net outflows on Dec. 23, with $189 million withdrawn, according to SoSoValue. BlackRock’s IBIT led the outflows with $157 million pulled, while Fidelity’s FBTC saw $15.2979 million leave. Earlier data (Dec. 22) showed a $142 million net outflow, with Bitwise’s BITB recording the largest single-fund redemption that day. Total assets under management for all spot BTC ETFs stand at about $114.289 billion (6.53% of Bitcoin’s market cap), down slightly from prior-day figures. Since their launch, cumulative net inflows to spot BTC ETFs remain $57.076 billion. Traders should note that concentrated outflows from flagship funds can increase short-term selling pressure on BTC and reduce liquidity around ETF-related venues. Monitor ETF flows, AUM trends and large fund-specific redemptions as potential indicators of near-term price moves.
Bearish
Concentrated, consecutive net outflows from Bitcoin spot ETFs — especially a large withdrawal from BlackRock’s IBIT — increase the likelihood of near-term selling pressure on BTC. ETF redemptions often prompt asset managers to liquidate spot holdings or raise cash, which can add supply into the market and temporarily reduce price support. The fact that outflows persisted for multiple days and affected flagship funds raises concerns about liquidity around ETF-related venues and heightens volatility risk. However, the long-term picture remains mutedly supportive: cumulative net inflows since inception still total about $57 billion, and total ETF AUM (~$114 billion) represents a modest share (~6.5%) of overall BTC market cap. Therefore, expect short-term bearish pressure and higher volatility tied to continued ETF outflows, while long-term structural demand from ETFs remains a stabilizing factor if inflows resume.