Bitcoin and Ethereum ETFs' Christmas Eve Releases

Risk Mitigation Action in Bitcoin and Ethereum ETFs

Bitcoin and Ethereum spot ETFs experienced significant outflows on December 24th. Traders opted to reduce their risks ahead of the holiday season.

BlackRock's IBIT and Grayscale's GBTC products led the outflows for Bitcoin ETFs. Meanwhile, Grayscale's ETHE, designed for Ethereum, recorded the largest outflow among Ethereum ETFs.

Despite the outflows, Grayscale's Ethereum Mini Trust ETF saw a notable inflow. This situation highlights the diversity of investor strategies during periods of low liquidity.