Spot bitcoin and ether exchange-traded funds (ETFs) have experienced outflows, possibly due to holiday-related derisking. The amount of outflows reported varies, with some outlets citing figures of $782 million, $175 million, or $825 million over a period of days. The outflows may be contributing to a decline in bitcoin's price, which has slipped below a certain threshold, although the exact impact and future direction of the price are uncertain.