Bitcoin and Ethereum ETFs See Significant Inflows Amid Market Volatility

On December 26, the United States witnessed a notable shift in the cryptocurrency market, with spot Bitcoin exchange-traded funds (ETFs) recording an inflow of $475.15 million, ending a four-day streak of outflows.

Bitcoin ETFs Inflows Overshadow Outflows

During this period, the 12 spot Bitcoin ETFs experienced a significant influx of funds, amounting to $475.15 million, following four consecutive days of outflows that saw over $1.5 billion leave the funds. Fidelity’s FBTC led the way with inflows of $254.37 million, closely followed by ARK 21Shares’ ARKB, which attracted $186.94 million in inflows.

Other notable contributors to the positive momentum included BlackRock’s IBIT, with an inflow of $56.51 million, and Grayscale Bitcoin Mini Trust and VanEck’s HODL, which recorded more modest inflows of $7.19 million and $2.7 million, respectively. However, some of the inflows were offset by outflows from Grayscale’s GBTC and Bitwise’s BITB, which experienced withdrawals of $24.23 million and $8.32 million, respectively.

Ethereum ETFs Follow Suit with Inflows

The nine spot Ethereum ETFs also experienced a positive day on December 26, recording inflows of $117.09 million. This marked the third consecutive day of inflows, bringing the total over the three-day streak to more than $301 million. Fidelity’s FETH saw the majority of inflows, with $82.96 million entering the fund, while BlackRock’s ETHA contributed to the positive momentum with inflows of $28.18 million.

Market Performance and Trading Volumes

At the time of writing, Bitcoin was down 2.2% over the last 24 hours, exchanging hands at $95,996 per coin. Meanwhile, Ethereum was down 1.9% over the past day, trading at $3,374. The total trading volume for these investment products stood at $2.13 billion on December 26, close to the $2.16 billion seen the previous day.

Investors seeking to stay up-to-date with the latest developments in the cryptocurrency market can find more news and analysis on Global Crypto News.

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