From December 22 to 26, 2025, spot exchange-traded funds based on Bitcoin and Ethereum experienced a significant capital outflow. The total losses for both types of ETFs over the four trading days amounted to nearly $900 million, marking the worst performance in the last five weeks.
This is reported by Business • Media
Details of Capital Outflow from Bitcoin ETFs
Bitcoin-focused funds lost $782 million during the specified period. A particularly significant outflow was recorded on December 26 — over $275 million in a single day. Negative trends were also observed throughout all trading days: December 24 — $175 million, December 23 — $188 million, December 22 — $142 million.
From December 22 to 26, 2025, spot exchange-traded funds based on Bitcoin lost $782 million. This is the largest weekly capital outflow from the product since the end of November. Meanwhile, Ethereum ETFs recorded a fund outflow of over $102 million during the same period.
Dynamics of Ethereum ETFs and Holiday Impact on Trading
Ethereum-based ETFs are also showing a decline: for the second consecutive week, there has been an outflow of investments. The largest loss was recorded on December 24 — $53 million and December 23 — $96 million, while on December 26, nearly $39 million was withdrawn from the funds. The only day with an influx of investments was December 22, when capital increased by $84 million.
It is worth noting that trading did not take place on December 25 due to Christmas celebrations, so the funds operated only for four days.
Recall that recently, BlackRock submitted an application to the U.S. Securities and Exchange Commission to register the iShares Staked Ethereum Trust — a spot ETF on Ethereum with the ability to stake assets.