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Recently, there has been a noticeable capital outflow from Bitcoin spot ETFs. On December 24th, Eastern Time, the entire Bitcoin spot ETF sector experienced a net outflow of $175 million in a single day, as institutional investors seem to be taking profits ahead of Christmas.
Looking at specific products, the IBIT ETF under BlackRock became the largest net outflow, with a daily net outflow of $91.37 million, accounting for nearly half of the total outflow. However, in the long term, the IBIT ETF has a total net inflow of $62.249 billion since its launch, indicating that this ETF still enjoys overall institutional confidence.
Grayscale's GBTC followed closely, with a net outflow of $24.62 million on the same day. The capital fluctuations of these two leading Bitcoin spot ETFs are often seen as a barometer of large institutions' short-term outlook on Bitcoin. As the year-end holiday approaches, institutions may be adjusting their positions or locking in profits, which is a common seasonal phenomenon.