Bitcoin spot ETFs experienced a collective net outflow yesterday. According to on-chain data, on December 31st, Eastern Time, the entire market's Bitcoin spot ETF saw a single-day net outflow of $348 million, with all twelve ETF products affected and experiencing outflows.
The most significant outflow was from BlackRock's IBIT, with a single-day net outflow of $99.048 million. However, over a longer period, IBIT has accumulated a net inflow of $62.093 billion since its launch, indicating a substantial size. This wave of outflows is more like a common year-end rebalancing phenomenon—institutions may be reducing holdings or taking profits at the end of the year.
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GasFeeNightmare
· 5h ago
End-of-year profit-taking tactics, institutions are fleeing 🏃♂️ I was wondering why gas fees suddenly dropped, turns out big players have withdrawn.
$348 million in daily outflows, with over $62 billion still in the base, what are they trembling about? This data looks like it's "losing weight" for the annual report.
Still, the point is, during these times, on-chain fees are truly advantageous. Placing orders late at night is a solid move; saving on gas is like making a profit.
Getting sidetracked, IBIT has the largest outflows but still maintains such a large volume, indicating that institutions are just reallocating assets, not really panicking.
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RatioHunter
· 5h ago
Year-end clearance mode activated, are the institutions really done for?
Isn't this just routine operation, clearing out before the New Year to secure profits?
The IBIT figure looks frightening, but with a base of over 62 billion, what is there to panic about?
Wait, all outflow across the board? Where are the buyers... Could it all be institutions cutting?
This wave at the end of the year, they'll come back next year, this is just a cycle.
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PumpDoctrine
· 5h ago
The year-end harvest drama, IBIT has gained over 62 billion in a month, with 100 million coming out in a day—this pace is incredible.
Institutional brothers, it's time to pay taxes, you can't run away.
Outflow of 348 million? No big deal, compared to the inflows, it's just a drop in the bucket.
Year-end cashing out happens every year, nothing new.
IBIT's scale is still solid; this level of outflow is hardly worth mentioning.
To put it simply, it's just financial handling; don't overinterpret it.
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0xLuckbox
· 5h ago
End-of-year profit-taking, who believes this is just rebalancing?
Institutions are starting to play tricks again. With such a strong net outflow, how can it be considered normal operation?
Although IBIT has a large scale, this recent decline looks really uncomfortable.
Retail investors are about to be harvested again; this is how it always is at the end of the year.
Big institutions are playing digital games; we need to see through it clearly.
This rhythm feels off; I sense there are still tricks to come.
Bitcoin spot ETFs experienced a collective net outflow yesterday. According to on-chain data, on December 31st, Eastern Time, the entire market's Bitcoin spot ETF saw a single-day net outflow of $348 million, with all twelve ETF products affected and experiencing outflows.
The most significant outflow was from BlackRock's IBIT, with a single-day net outflow of $99.048 million. However, over a longer period, IBIT has accumulated a net inflow of $62.093 billion since its launch, indicating a substantial size. This wave of outflows is more like a common year-end rebalancing phenomenon—institutions may be reducing holdings or taking profits at the end of the year.