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Bitcoin and ether ETFs see outflows ahead of Christmas, led by IBIT and ETHE
Source: CryptoNewsNet Original Title: Bitcoin and ether ETFs see outflows ahead of Christmas, led by IBIT and ETHE Original Link: Spot bitcoin and ether ETFs saw another round of outflows on Dec. 24 as traders moved into the Christmas break with reduced liquidity and a weaker appetite for risk.
SoSoValue data showed bitcoin spot ETFs posted $175 million in net outflows on Wednesday, while ether spot ETFs showed $57 million in outflows.
The biggest single-day exit came from BlackRock’s IBIT, which saw $91.37 million leave the fund. Grayscale’s GBTC followed with a $24.62 million outflow.
Ethereum spot ETFs also lost ground. SoSoValue reported $52.7 million in net outflows on the day.
Grayscale’s ETHE led the selling pressure with a $33.78 million outflow, bringing its cumulative historical net outflows to $5.083 billion.
The only notable offset came from Grayscale’s Ethereum Mini Trust ETF, which recorded a $3.33 million inflow and has now reached $1.506 billion in cumulative inflows.