Bitcoin ETF “record outflows” are deceptive as crypto products absorbed $46.7 billion in 2025
Bitcoin ETF headlines have turned into a scoreboard with “record inflows,” “largest outflows ever,” and “institutions dumping.” The problem is that most stories isolate a single day or a single fund.
Without context on cumulative flows, fund cohorts, and custody plumbing, they say very little about how much spot Bitcoin is actually changing hands, or what institutions are really doing.
Take the latest wobble. U.S.-traded spot Bitcoin ETFs saw about $175 million in net outflows on Dec. 24, capping five straight negative sessions.
It looks grim, but zooming out shows that the complex still holds roughly $113.8 billion in assets and has cumulative net inflows of nearly $56.9 billion since January 2024. A red headline about…
