According to @FarsideUK, VanEck’s US spot Bitcoin ETF HODL posted a daily net outflow of 21.2 million dollars, indicating redemptions exceeded creations for the session. Source: Farside Investors @FarsideUK; farside.co.uk/btc; Dec 16, 2025. @FarsideUK also states that 5 percent of profits from this product are pledged to Bitcoin developers. Source: Farside Investors @FarsideUK; farside.co.uk/btc; Dec 16, 2025. For traders, the reported net outflow confirms a day of redemption pressure at VanEck’s BTC vehicle, reducing its ETF-side exposure to spot Bitcoin relative to a neutral flow day. Source: Farside Investors @FarsideUK; farside.co.uk/btc; Dec 16, 2025.

According to @FarsideUK, VanEck’s US spot Bitcoin ETF (ticker HODL) recorded a -$23.3 million net flow in the latest Bitcoin ETF Daily Flow update, and @FarsideUK also reports that 5% of profits from this product are allocated to Bitcoin developers, with the full dataset and disclosures available on farside.co.uk/btc (source: @FarsideUK, farside.co.uk/btc).