Solid day for the majors:

• $BTC spot ETFs: +$151.74M

• $ETH spot ETFs: +$177.64M

Both assets continue to attract inflows, which usually signals that institutional desks are still building positions rather than trimming exposure. Interesting to see this kind of steady appetite as we get closer to year-end usually a quieter period.

On the retail side, different exchanges are rolling out their holiday events for December. B!ngX, for example, launched a Christmas-themed “Voyage Adventure” that runs until the 30th mostly tasks, dice rolls, and community rewards. Nothing promotional here, just noting the seasonal activities popping up across platforms while institutions keep stacking through ETFs.

Feels like one of those months where both retail and institutional behavior diverge but still add up to a surprisingly active finish to 2025.