According to Eric Balchunas, Bitcoin (BTC) fell 6% yesterday while spot Bitcoin ETFs still posted net inflows, bringing rolling 1-week flows to +$231 million, source: Eric Balchunas on X, Dec 2, 2025. According to Eric Balchunas, Fidelity carried a large share of the inflows, highlighting that ETF demand is broad across issuers, source: Eric Balchunas on X, Dec 2, 2025. According to Eric Balchunas, older investors are a key driver behind ETF demand in the current market, source: Eric Balchunas on X, Dec 2, 2025.

According to @lookonchain, 10 Bitcoin ETFs recorded net outflows of 3,644 BTC (USD 411.79M) on Aug 20. According to @lookonchain, Fidelity saw outflows of 2,180 BTC (USD 246.39M) and now holds 199,127 BTC (USD 22.5B). According to @lookonchain, 9 Ethereum ETFs posted net outflows of 55,913 ETH (USD 232.82M), with Fidelity redeeming 37,690 ETH (USD 156.94M). According to @lookonchain, based on these figures, combined BTC and ETH ETF net outflows totaled about USD 644.6M for the day, indicating broad redemptions that reduced ETF-held crypto supply.