U.S. spot Bitcoin ETFs have logged a three-day streak of net outflows as investor risk appetite cools, reflecting cautious sentiment amid macro uncertainty and renewed volatility in crypto markets.
Bitcoin and ether ETFs saw notable outflows ahead of Christmas, with BlackRock’s IBIT and Grayscale’s ETHE leading withdrawals, suggesting investors are locking in gains and trimming risk into year-end.
BlackRock has deposited $348M in Bitcoin and $117M in Ethereum into Coinbase Prime, signaling institutional confidence and fueling renewed market focus on custody flows and potential price impact.
Investors pulled $1.2 billion from Bitcoin ETFs this week as broader Wall Street firms ramp up crypto investments, underscoring a split between retail outflows and institutional appetite for digital assets.
JPMorgan clients boosted holdings of spot Bitcoin ETFs in Q3, increasing exposure as inflows into flagship funds accelerated. Private wealth and institutional investors drove much of the quarter’s gains.
Inflows into Bitcoin and Ethereum ETFs have already surpassed 2024 totals, signaling renewed risk appetite. But with rates uncertain and volatility elevated, analysts question whether the rally’s ETF momentum can persist.