U.S. spot Bitcoin ETFs, $780 million net outflows last week…trading volume also decreased

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are showing both fund outflows and a contraction in trading ahead of the year-end.

On the 29th (local time), Trader T reported that last week the weekly net outflows from spot Bitcoin ETFs amounted to $781 million (about ₩1.119 trillion). During the same period, trading volume was $11 billion (about ₩15 trillion), the lowest level since April 25.

Outflows were concentrated in products of major asset managers. BlackRock's IBIT saw net outflows of $434 million, the largest decline, Fidelity's FBTC had $111 million, Grayscale's GBTC had $104 million, and Bitwise's BITB recorded net outflows of $54 million.

The market views this as investors adjusting positions to reduce exposure to risky assets amid year-end liquidity tightening, reflected in ETF fund flows. With trading volume plunging and simultaneous outflows from large ETFs, there is growing concern that, in the short term, attention will be on the potential for increased volatility rather than on trend formation in Bitcoin's price.