$BTC ETFs See $825M Outflows as U.S. Investors Lead Selling
Bitcoin spot ETFs recorded $825.7 million in net outflows over five consecutive sessions, including $175.3 million on Christmas Eve, according to Farside Investors. The selling has been led by U.S. institutions, reflected in a persistently negative Coinbase Premium Index, while Asian markets show stronger buying interest.
Analysts attribute the weakness to year-end tax-loss harvesting and quarterly options expiry, viewing the pressure as seasonal rather than structural. Ether ETFs have also seen muted flows, with both BTC and ETH ETFs posting negative 30-day netflows.
Market participants expect ETF flows to stabilize and potentially turn positive after the holidays, as tax and derivatives-related pressures fade—setting the stage for renewed institutional demand in early 2026.
