#BTCVSGOLD Bitcoin ETFs extend 5-day outflow streak as BTC struggles below $88K

$BTC Bitcoin ETFs recorded $83.27 million in net outflows on December 26, extending a multi-day redemption streak as BTC struggled to reclaim $88,000.

Fidelity’s FBTC led withdrawals with $74.38 million in outflows, while Grayscale’s GBTC posted $8.89 million in redemptions.

All remaining Bitcoin btc0.23%Bitcoin ETFs recorded zero flow activity on December 26. BlackRock’s IBIT data was not updated as of press time.

Total net assets under management fell to $113.83 billion while cumulative total net inflow held at $56.82 billion. BTC dropped over 1% in the past 24 hours, trading below $88,000.

Five consecutive days of Bitcoin ETFs redemptions

Bitcoin ETFs began the outflow streak on December 18 with $161.32 million in withdrawals following a brief rally on December 17 that attracted $457.29 million. December 19 saw $158.25 million in outflows before the weekend pause.

Trading resumed December 22 with $142.19 million in redemptions. Outflows accelerated December 23 with $188.64 million in withdrawals, followed by $175.29 million on December 24.

The December 26 outflows of $83.27 million brought the five-day total to over $750 million in net redemptions.

Total value traded fell to $1.57 billion on December 24 from $5.93 billion on December 17. The sustained outflow period has drained assets as Bitcoin price failed to maintain momentum above $90,000.

Fidelity’s FBTC dominated December 26 outflows at $74.38 million, accounting for 89% of total redemptions. Grayscale’s legacy GBTC fund posted $8.89 million in withdrawals.

Grayscale’s mini BTC trust, along with Bitwise, Ark & 21Shares, VanEck, Invesco, Franklin, Valkyrie, WisdomTree, and Hashdex all recorded zero flows.

Ethereum ETFs mirror Bitcoin weakness

Ethereum eth0.2%Ethereum spot ETFs also faced selling pressure, recording $52.70 million in outflows on December 24. The withdrawals followed $95.53 million in redemptions on December 23.

December 22 provided temporary relief with $84.59 million in Ethereum.