Record Outflow from U.S. Bitcoin ETFs: $1.5 Billion in Four Days

Over the past week, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced notable outflows, aligning with broader market adjustments. Data from blockchain analysis platform CoinGlass indicates that more than $1.5 billion was withdrawn from U.S. spot Bitcoin funds in just four days.

The iShares Bitcoin Trust Fund (IBIT) from BlackRock recorded a loss of $188.7 million on Christmas Eve, marking the largest outflow in the ETF’s history. This surpassed the previous record of $72.7 million on December 20. Other major Bitcoin ETFs, such as the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF, also faced losses, with $83.2 million and $75 million withdrawn, respectively, on December 24.

In contrast, the Bitwise Bitcoin ETF saw a modest inflow of $8.5 million, despite the overall bearish market conditions.

Ethereum on the Rise

While Bitcoin ETFs experienced outflows, Ethereum (ETH) funds saw significant growth. After an inflow of $130.8 million on December 23, another $53.6 million was added on Christmas Eve.

This trend aligns with the increasing popularity of Ethereum ETFs since late November. Analysts suggest that the decline in Bitcoin’s dominance might lead to a new altcoin season.

Bright Outlook for 2025

The ETH/BTC ratio currently stands at 0.035, lower than the peak of 0.09 during the 2021 bull market. Market experts predict that Ethereum’s performance may surpass Bitcoin’s by January 2025, indicating substantial potential for this smart contract platform in the near future.

Sentiment: Neutral