The post Bitcoin price stalls at $89k as weekly ETF outflows top nearly $500M appeared on BitcoinEthereumNews.com.

Bitcoin price hovered near the $89,000 mark on Monday, as demand for its spot exchange-traded funds continued to fade. Summary Bitcoin ETFs recorded nearly 4500 million in outflows over the past week. BTC price chart hints at a prolonged bearish trend ahead. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $497.05 million in net outflows over the past week, between Dec. 15 and Dec. 19. BlackRock’s IBIT saw the strongest outflows with $240.3 million exiting the fund. Bitwise’s BITB and ARK 21Shares’ ARKB followed with net outflows of $115.1 million and $100.7 million, respectively. VanEck’s HODL and Grayscale’s GBTC and BTC funds together also contributed to $74.1 million in outflows. Fidelity FBTC managed to buck the trend with $33.1 million in inflows over the week. Such outflows suggest that institutional demand for these investment products seems to be weakening, a trend that has continued over the past month, during which these funds recorded roughly $3.5 billion in net outflows. This is in stark contrast to the trend observed in October, during which these ETFs had drawn in nearly $7 billion in inflows as Bitcoin hit a new all-time high. Bitcoin (BTC) dropped 6% from around $90,000 to a weekly low of $84,580 on Friday. It managed to recover back to around $89,800 earlier today, Dec. 22, before bears took over, dragging it back to around $89,100 at press time, up just 1% over the past 24 hours. Aside from the weak performance of its spot ETFs, Bitcoin price action remains subdued amid thin holiday-season liquidity and macro concerns. Traders are also in wait-and-watch mode ahead of key U.S. macroeconomic releases, including GDP data and jobless claims figures, both of which are set to be released on Thursday, Dec. 25. On the daily timeframe, Bitcoin has triggered a…

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Filed under: News - @ December 22, 2025 11:21 am