Leveraged Bitcoin ETF Sees Festive Outflows as Traders Cut Risk Exposure
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The T-Rex 2X Long Bitcoin Daily Target ETF, BTCL, recorded net outflows of $1,186,964 on December 24, 2025, in a notable bout of year-end risk reduction. With assets under management sitting at $37,033,216, the latest redemption wave amounts to roughly 3.2% of the fund’s AUM, a meaningful move for a leveraged product that is typically favored by short-term, high-conviction traders.
The related asset, BTC-USD, is currently trading at $87,952.01, having dropped about 23.4% over the past three months as the broader crypto market wrestles with profit-taking and macro uncertainty. Despite the sharp pullback, the 1-day technical posture for Bitcoin is flashing a cautious Hold, suggesting neither a clear near-term reversal nor a decisive breakdown.
For BTCL, which offers 2x daily leveraged exposure to Bitcoin’s price moves, the recent outflows underscore how quickly sentiment can reverse in a volatile asset class. The combination of a steep three-month drawdown in Bitcoin and a neutral short-term technical backdrop appears to be prompting traders to scale back aggressive leveraged bets, either locking in gains from earlier rallies or limiting downside into the turn of the year.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

