Bitcoin briefly returned to above 90,000 at the beginning of the month, but failed to sustain the upward momentum and is currently consolidating within a narrow range. The Bitcoin spot ETF market is showing signs of weakness, experiencing net outflows for the fifth consecutive trading day, indicating that institutional investors are cautiously exiting the market before the year-end holidays.
BlackRock's IBIT saw a net outflow of 91.37 million in a single day.
According to data from SoSoValue , on December 24th (Eastern Time), Bitcoin spot ETFs saw a net outflow of $175 million. This marks the fifth consecutive day of net outflows for the sector, with accumulated selling pressure casting a shadow over market sentiment at the end of the year.
Among the issuers, BlackRock's IBIT saw a net outflow of $91.37 million, topping the list of outflows that day; while Grayscale's GBTC, which had been experiencing outflows for a long time, also failed to stop the bleeding, with another $24.62 million flowing out that day.
Despite recent weakening of funding momentum, the overall size of Bitcoin spot ETFs remains substantial. As of now, the total net asset value of all ETFs in the market is $113.8 billion, representing approximately 6.51% of Bitcoin's total market capitalization, with historical net inflows still hovering around $56.9 billion.
Santa Claus didn't come: Expectations dashed, leading to wait-and-see attitude.
The market had generally hoped that Bitcoin would break through its consolidation range and even reach new highs by the end of 2025, taking advantage of the traditional "Christmas rally" in the US stock market. However, it seems that people chose to take profits before the Christmas holidays, and the market's fear and greed index remained at a low of 28, indicating a liquidity crunch and insufficient buying support.
As 2025 draws to a close, market focus will shift to the new year, with observers watching whether institutional funds will flow back after the holidays to inject new momentum into the sluggish market.
This article, titled "Christmas Market Fails! Bitcoin Spot ETFs Experience Five Consecutive Days of Negative Growth, Net Outflow of $175 Million on Christmas Eve," first appeared on ABMedia (a ABMedia ).
