Early December ETFs See $153M Exit As Bitcoin And Ethereum Pull Back After Late-November Gains

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From Dec. 1–5, top Bitcoin and Ethereum ETFs saw net outflows of about $87.8 million and $65.4 million, according to Farside Investors. Investors appear to be taking some profits after the gains of the last two weeks, especially in the larger Bitcoin funds.
Ethereum ETFs showed a similar trend, though a few managed small inflows, hinting that confidence hasn’t disappeared entirely. Overall, early December feels more like a pause than a panic, as the market takes a breather while waiting to see where things head next.
Bitcoin ETF Weekly Flow Summary
(Top issuers — Dec. 1–5, 2025)
| ETF Issuer | AUM (US$) | Inflows (US$m) | Outflows (US$m) | Net Flow (US$m) |
| BlackRock (IBIT) | $71.23B | 0 | 49.1 | –49.1 |
| Fidelity (FBTC) | $18.49B | 62.0 | 0 | +62.0 |
| Bitwise (BITB) | $3.68B | 9.3 | 0 | +9.3 |
| Ark (ARKB) | $3.54B | 7.4 | 85.2 | –77.8 |
| Invesco (BTCO) | $559.57M | 0 | 0 | 0 |
| Grayscale (BTC) | $4.45B | 0 | 0.4 | –0.4 |
| Grayscale (GBTC) | $15.34B | 0 | 29.7 | –29.7 |
Total Inflows: ≈ $78.7M
Total Outflows: ≈ –164.4M
Net Flow: ≈ –87.8M
Bitcoin ETFs painted a mixed picture in early December. Fidelity led with $62 million in inflows, while BlackRock lost $49.1 million. Ark posted the largest outflows at $77.8 million, and Grayscale’s BTC and GBTC faced modest redemptions. Bitwise saw small inflows, and Invesco remained flat. By week’s end, about $87.8 million had moved out of these funds, with flows suggesting a moment of pause rather than a rush to exit.
Ethereum ETF Weekly Flow Summary
(Top issuers — Dec. 1–5, 2025)
| ETF Issuer | AUM (US$) | Inflows (US$m) | Outflows (US$m) | Net Flow (US$m) |
| BlackRock (ETHA) | $7.92B | 53.0 | 108.8 | –55.8 |
| Fidelity (FETH) | $1.87B | 85.1 | 49.5 | +35.6 |
| Bitwise (ETHW) | $602.4M | 4.5 | 0 | +4.5 |
| 21Shares (TETH) | $1.11B | 0 | 0 | 0 |
| VanEck (ETHV) | $353.7M | 0 | 4.0 | –4.0 |
| Grayscale (ETHE) | unchanged | 27.6 | 80.8 | –53.2 |
Total Inflows: ≈ $170.2M
Total Outflows: ≈ –243.1M
Net Flow: ≈ –65.4M
Ethereum ETFs kicked off December with a mixed performance. Fidelity attracted $35.6 million, and Bitwise added $4.5 million, but bigger outflows from BlackRock at $55.8 million and Grayscale’s ETHE at $53.2 million tipped the scales toward a net pullback.
BTC and ETH show steady gains, keeping Decem‑back hopes alive despite a slow start
December didn’t start with fireworks for crypto ETFs; Bitcoin and Ethereum funds saw outflows. It may seem like a quiet week, but signs suggest the tide could still turn.
Bitcoin is holding around $91,000–$92,000, while Ethereum sits just above $3,100. Both are showing signs of steadiness, which is catching the eye of investors looking for a reason to step back in.
(Click on image to enlarge)

Bitcoin price. Source: TradingView
Looking beyond the first week, all eyes are on central bank signals. If rate-cut expectations grow and policy softens, crypto could see a lift. With these conditions, December still has a chance to turn around, offering a slow but steady rebound instead of continued losses.
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