U.S. spot bitcoin ETFs recorded $188.6 million in net outflows on Tuesday, extending their negative streak to four consecutive days, according to SoSoValue. BlackRock’s IBIT led the outflows with $157.3 million, while Fidelity’s FBTC, Grayscale’s GBTC and Bitwise’s BITB also saw capital exit. On a weekly basis, spot bitcoin ETFs posted $497.1 million in net outflows, reversing inflows seen earlier in December.

Spot Ethereum ETFs followed a similar trend, logging $95.5 million in net outflows on Tuesday, with Grayscale’s ETHE accounting for $50.9 million, the largest daily outflow among ether funds.

Market participants attributed the outflows to year-end positioning, profit-taking, tax considerations and thin holiday liquidity, rather than a shift in long-term investor sentiment. Some analysts noted that compared with pre-Christmas 2024 — when more than $1.5 billion exited bitcoin ETFs — the current pullback appears relatively modest.

Despite weakness in crypto ETFs, U.S. equities rallied, with the S&P 500 closing at a record high, supported by data showing the U.S. economy grew at a 4.3% annualized pace in the third quarter.