Bitcoin and Ethereum ETFs' Pre-Christmas Launches

Risk Reduction Movement in Bitcoin and Ethereum ETFs

Bitcoin and Ethereum spot ETFs experienced significant outflows on December 24. Traders took steps to reduce their risks ahead of the Christmas holiday.

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

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