Bitcoin and Ether ETFs See Nearly $900 Million Outflows During Christmas Week
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Bitcoin and Ether ETFs See Nearly $900 Million Outflows During Christmas Week

23 May, 2026.Crypto.19 sources

Key Takeaways

  • US spot Bitcoin ETFs posted substantial outflows during Christmas week.
  • Some outlets reported weekly outflows exceeding $1 billion, with up to $1.2 billion.
  • Analysts frame outflows as potential contrarian buy opportunities and signaling shifts in institutional demand.

Christmas ETF outflows

During the week of Christmas, U.S.-listed spot Bitcoin ETFs and Ethereum ETFs saw large net outflows, with SoSoValue data cited by DiarioBitcoin showing Bitcoin outflows of USD $782 million and Ethereum outflows of USD $102,3 millones for the week that concluded on 26 de diciembre.

DiarioBitcoin also reported that “Casi USD $900 millones” were drained from Bitcoin and Ether ETFs during that period, while ETF flows into Solana and XRP were positive at USD $13,14 millones and USD $64 millones, respectively.

Image from 24/7 Wall St.
24/7 Wall St.24/7 Wall St.

In a broader view of crypto investment products, DiarioBitcoin said global ETPs registered net outflows of USD $446 millones the week before, extending a withdrawal streak that totals USD$ 3,2 mil millones since 10 de octubre.

The same DiarioBitcoin piece tied the ETF pattern to a “sentimiento frágil” that has not fully recovered since the price drop that began in October, leading investors to adopt more selective positions rather than broad exposure.

CoinShares’ weekly framing was echoed by DiarioBitcoin’s mention that annual accumulated flows in 2025 reached USD $46,3 mil millones, down from USD $48,7 mil millones in 2024, while assets under management increased only 10% interanual.

Worst weeks since January

As May turned red, CryptoPotato said spot Bitcoin ETFs suffered their worst weekly outflows since late January, with net outflows of $1 billion during the week that ended on May 15 and net outflows of $1.26 billion over the past five trading days.

CryptoPotato reported that Monday saw nearly $650 million in withdrawals, followed by $331 million on Tuesday, $70 million on Wednesday, $101 million on Thursday, and $105 million on Friday.

Image from @coindesk
@coindesk@coindesk

The outlet singled out BlackRock’s IBIT as the biggest bleeder, stating it “bled out the most” with $445 million on Monday and $325 million on Tuesday.

CoinDesk provided a separate snapshot, saying U.S.-listed spot bitcoin exchange-traded funds saw more than $2.26 billion in outflows over the past two weeks and that Bitcoin fell to about $74,300, with the article citing CoinDesk data.

CoinDesk also stated that investors withdrew $1.26 billion from U.S. spot Bitcoin ETFs this week, described as the largest single-week outflow since January, after roughly $1 billion in outflows the previous week.

Institutional caution and stakes

Benzinga linked the ETF outflow pressure to macro and policy expectations, saying spot Bitcoin ETFs had over $1.2 billion in outflows this week and that the ongoing outflows reflected skepticism among “institutional and smart money investors.”

Bitcoin Price Is Facing Major Headwinds Spot Bitcoin ETFs had over $1

BenzingaBenzinga

Benzinga also tied the risk backdrop to inflation expectations, stating that analysts predict the headline CPI will move from 3.8% in April to 4.2% in May, and it said the Federal Reserve, even under Kevin Warsh, will opt to hike rates this year.

In the same Benzinga account, the Crypto Fear and Greed Index moved to the fear zone of 35, and the piece warned that Bitcoin’s technical setup suggested more downside likely, including a possible drop to $70,000 and below.

Investing’s local report framed the issue as a structural break in institutional demand, citing BlackRock’s iShares Bitcoin Trust (IBIT) at $44.00 and saying the underlying ETF complex generated $70.47 million in net outflows on Wednesday alone.

Investing added that the cumulative withdrawals reached $1.34 billion in four-day withdrawals and described the only positive flow as Morgan Stanley’s MSBT at a modest $1.11 million inflow, while the Ethereum ETF complex showed eight consecutive sessions of outflows totaling $28.14 million Wednesday alone.

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