Key Highlights
- US Bitcoin ETFs recorded $1.52 billion in outflows over five days ending December 24.
- Bitcoin ETFs surpassed gold ETFs in Assets Under Management (AUM), reaching $129 billion.
- BlackRock’s IBIT experienced its largest single-day outflow of $188.7 million on December 24.
Bitcoin ETFs Face Significant Outflows
BlackRock’s IBIT Leads Outflows
BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw a record $188.7 million withdrawal** on December 24, according to **CoinGlass data**. This surpassed the previous outflow record of **$72.7 million set on December 20.
Industry-Wide Trend
- Total outflows for US spot Bitcoin ETFs on December 24: $338.4 million.
- Net outflows since December 19: $1.52 billion.
- Fidelity’s FBTC and ARK’s ARKB also posted significant outflows ($83.2M** and **$75M, respectively).
- Bitwise BITB was the only fund with inflows ($8.5M).
"Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion."
Ether ETFs Gain Momentum
Inflows Before Christmas
- US spot Ether ETFs recorded $53.6M inflows** on December 24, following **$130.8M on December 23.
- Launched in July, Ether ETFs initially lagged behind Bitcoin ETFs but gained traction in late November.
Performance Outlook
- Bitcoin (BTC): $98,035 (+4.59% in 24h).
- Ether (ETH): $3,420 (+3.28% in 24h).
- Analysts predict Ether may outperform Bitcoin in early 2025.
👉 Explore how Bitcoin ETFs compare to traditional assets
Bitcoin ETFs Overtake Gold ETFs
AUM Milestone
- On December 16, Bitcoin ETFs surpassed gold ETFs in AUM ($129B vs. slightly less for gold).
- Includes spot ETFs and derivatives-tracking funds (K33 Research & Bloomberg).
BlackRock’s Recommendation
BlackRock advises a 2% portfolio allocation to Bitcoin, citing its low correlation with traditional assets and potential as a diversifier.
"Bitcoin could offer an alternative source of returns, but volatility remains a key risk."
FAQs
1. Why did Bitcoin ETFs see outflows?
- Profit-taking and year-end portfolio rebalancing likely contributed to the trend.
2. How do Bitcoin ETFs compare to gold ETFs?
Bitcoin ETFs now hold more AUM ($129B) than gold ETFs, reflecting shifting investor preferences.
3. Will Ether ETFs continue gaining traction?
Yes, especially if Ether’s upgrade cycles and DeFi activity drive demand.
👉 Learn more about ETF investment strategies
Conclusion
Bitcoin ETFs are reshaping the investment landscape, eclipsing gold in AUM despite recent outflows. With Ether gaining momentum and institutional endorsements like BlackRock’s 2% allocation advice, crypto ETFs remain a pivotal asset class for 2025.
Data sources: CoinGlass, K33 Research, Bloomberg.
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