VanEck’s ‘HODL’ Bitcoin ETF Sees $33.6 Million Walk Out as Traders Lock In Crypto Gains

VanEck’s ‘HODL’ Trust Sees Investors Do the Opposite as Bitcoin ETF Records Sharp Outflows

The VanEck Bitcoin Trust Shs of Benef Interest, trading under ticker HODL, recorded a notable reversal in sentiment on December 23, 2025, with investors pulling approximately $33.64 million from the fund. The latest outflow represents about 2.41% of its assets under management, which now stand at roughly $1.4 billion, underscoring a sizable one-day adjustment in positioning for a single-asset crypto ETF.

The move suggests that some holders locked in profits or reduced risk after a strong run in Bitcoin this quarter. While a 2%-plus swing in AUM via flows is not uncommon in crypto-linked products, it often reflects shifting conviction among short-term traders rather than a structural turn in long-term adoption. Still, the scale of the exit hints that institutional and sophisticated retail players are becoming more tactical in their exposure as volatility expectations rise into year-end.

The related asset, BTC-USD, is currently trading at $88,765.43. Over the past three months, Bitcoin has delivered a powerful rally, helping drive HODL’s asset base higher even as some investors are now taking money off the table. The 1-day technical setup is flashing a Your response should be a json object with the following structure: {Summary: text, Title: text, Error: error message or null} signal, suggesting that traders are closely watching near-term momentum and potential overbought conditions.

With sizeable outflows hitting HODL despite Bitcoin’s elevated price, the latest data highlights how ETF investors are increasingly using spot Bitcoin funds as flexible trading vehicles rather than purely buy-and-hold instruments. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.