#etf #crypto
📉 Crypto ETFs Head into Christmas Break in the Red
On the eve of Christmas, the market is experiencing a decrease in liquidity and investor caution. The latest SoSoValue data for December 24 shows a noticeable outflow of capital from spot ETFs.
📊 Figures of the Day:
• #bitcoin -ETF: net outflow of $175 million
• #Ethereum -ETF: net outflow of $57 million
🏆 Who is “in the red” and who is holding on?
• BlackRock (IBIT): recorded the largest outflow of funds for the day — $91.37 million
• Grayscale (ETHE): continues to lose ground, the outflow amounted to $33.78 million (the total amount of funds withdrawn from the fund reached an impressive $5.083 billion).
• Grayscale Ethereum Mini Trust: became a pleasant exception with an inflow of $3.33 million
🔍 Why is this happening?
Experts say this is typical market behavior during the holidays:
1. Low liquidity: Traders take a break, trading volumes fall.
2. Defensive stance: Investors prefer to stay in cash rather than risk assets during a period of low activity.
3. Technical factors: Part of the outflows are due to year-end tax planning and portfolio rebalancing.
Bottom line: Cryptocurrency still exhibits risk asset behavior — when global liquidity tightens, institutional investors are the first to press "pause."
