Key Insights:
- On Friday, Bitcoin Spot ETF net outflows were $158.25M and Ethereum ETF net outflows were $75.89M.
- Both BTC and ETH Spot ETFs ended the week with combined net outflows of over $1.1B.
- Bitcoin and Ethereum were down over 2% over the week. Key opinion leaders expect volatility ahead, share projections for the near term.
The third trading week of December ended with Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) clocking over $1.1 billion in combined net outflows. Bitcoin Spot ETF saw at least one day of net inflows while ETH Spot ETFs posted five straight days of net outflows. Other altcoin ETFs ended the week in green.
BTC price Assessments from Merlijn The Trader and Tom Lee suggest volatility and a negative outlook, respectively. Ethereum, according to Ted Pillows, could be looking at a surge to $3200 or a drop to $2700 in the near term.
Bitcoin ETF Weekly Net Outflow at $497.05M
Bitcoin spot ETF ended this week’s trading sessions with net outflows, despite some strong single ETF net inflows, SoSoValue data shows. This week’s biggest single-day net inflow was reported by Fidelity (FBTC), which added $391.7 million on Wednesday.
BlackRock Bitcoin ETF (IBIT) sold $173.58 million in Bitcoin on Friday. Meanwhile, Fidelity bought $15.33 million, thawing daily net outflows, which came in $158.25 million.
Other BTC ETF reported no activity on Friday. Weekly net outflows were $497.05 million.
Ethereum Spot ETF had a worse week than Bitcoin ETF. At the close of Friday, daily net outflows totaled $75.89 million, with BlackRock solely accounting for the day’s activity.
ETH Spot ETFs ended the week with net outflows of $643.97 million. Last week, the Ethereum ETF posted net inflows of $208.94 million.
Net outflows for December stand at $500.62 million for Ethereum ETFs. Bitcoin ETFs posted net outflows of $298.22 million for December on Friday’s close.
Meanwhile, XRP and Solana (SOL) Spot ETFs ended the week in green. XRP ETFs posted net inflows of $13.21 million on Friday. Net inflows stood at $82.04 million weekly, the smallest weekly inflows for these ETFs.
SOL ETF posted $3.57 million net inflows on Friday, the smallest daily net inflows of the week. However, SOL spot ETFs posted the largest weekly net inflows of December, clocking $66.55 million for the week ending December 19th.
Also, LINK Spot ETFs posted $3.62 million in weekly net inflows.
Bitcoin Facing ‘Violent’ Moves Ahead
Bitcoin price struggled to clear the $90,000 mark so far this week. Assessments by market commentators and KOLs suggest volatility lies ahead.
Merlijn The Trader highlighted how Bitcoin did not display a breakout, a sweep, or a retest. Since Bitcoin was ‘coiling,’ the next moves could be violent, and volatility would be high, he warned.
He explained that this week, there was no sweep to $80,600, an immediate breakout past $87,000 did not happen, and lastly, BTC price did not collapse beyond $80,400.
Notable spikes for Bitcoin price were seen last Sunday and on CPI-release day. BTC price briefly hovered above $89,400 when US CPI data for the period ending in November was released on Wednesday.
Reportedly, according to a news agency, Tom Lee, the founder of Fundstrat Global Advisors, in an internal note, said that Bitcoin price could go as low as $60,000 in the first half of 2026.
Ethereum price has struggled to get past $2900 so far this week. According to Ted Pillows, ETH could surge to $3,200 if it clears the $2900 mark.