Bitcoin (BTC) spot ETFs recorded net outflows of $19.29 million on December 29.
The outflows mark the seventh consecutive day of institutional selling as the year draws to a close.
Fidelity's FBTC emerged as the only major fund attracting capital with $5.7 million in inflows.
Invesco and Galaxy Digital's BTCO partnership experienced the largest single-day outflow at $10.4 million.
What Happened
US spot Bitcoin ETFs extended their withdrawal streak to seven trading days on December 29, according to SoSoValue data.
Fidelity's FBTC recorded $5.7 million in net inflows, bringing its cumulative total to $12.1 billion.
Invesco and Galaxy Digital's BTCO ETF led outflows with $10.4 million in redemptions while maintaining $205 million in historical total net inflows.
Ethereum spot ETFs posted $9.63 million in net outflows for the day.
Newer altcoin products showed contrasting performance.
Solana (SOL) spot ETFs attracted $2.93 million in inflows.
XRP spot ETFs saw the strongest demand with $8.44 million in net inflows.
Analysts attribute the selling pressure to year-end portfolio rebalancing and tax-loss harvesting strategies.
The extended outflow streak represents over $1.1 billion in cumulative redemptions since December 19.
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Why It Matters
The seven-day withdrawal pattern marks the longest consecutive outflow streak for Bitcoin spot ETFs since early autumn.
Holiday season trading typically features reduced liquidity and defensive positioning by institutional investors.
The selective rotation into XRP and Solana ETFs suggests investors remain engaged in cryptocurrency markets despite reducing exposure to larger-cap assets.
Bitcoin spot ETFs have generated $57.7 billion in cumulative net inflows since their January 2024 debut.
Market participants expect flows to normalize when institutional trading desks return to full capacity in early 2026.
Federal Reserve rate expectations continue influencing demand, with markets pricing in 75-100 basis points of cuts next year.
Total assets under management across Bitcoin spot ETFs remain above $113 billion despite recent outflows.
XRP ETFs have accumulated over $1 billion in net inflows since their mid-October launch without experiencing a single outflow day.
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