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Post-Christmas Miracle as Bitcoin ETFs Attract Inflows After Four-Day Bleed
U.S. exchange-traded funds (ETFs) posted positive net inflows after four trading days in which they lost more than $1.5 billion.
Bitcoin ETFs in the US saw net inflows the day after Christmas, capping four trading days of outflows totaling more than $1.5 billion.
The 11 ETFs collectively saw net inflows of $475.2 million on Dec. 26, led by $254.4 million inflows into the Fidelity Wise Origin Bitcoin Fund, according to CoinGlass.
This was followed by the ARK 21Shares Bitcoin ETF with inflows of $186.9 million, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) received $56.5 million.
Grayscale’s Bitcoin Mini Fund and VanEck’s ETF also saw more modest inflows of $7.2 million and $2.7 million, respectively.
U.S. markets were closed on Dec. 25 for Christmas, so the inflows come after four consecutive trading days of total net outflows from ETFs between Dec. 19 and 24, totaling $1.52 billion.
All Bitcoin ETF inflows since launch in January. Source: CoinGlass
IBIT stock saw its largest single-day net outflow ever of $188.7 million on Dec. 24, more than doubling its previous record of $72.7 million set on Dec. 20.
It comes in the form of Bitcoin.
Bitcoin
Low indicators
$95,028
Bitcoin has fallen by 2.2% over the past day, falling from around $98,000 to just over $96,000 at the time of writing.
CoinGlass shows that Ether
Ethereum
Low indicators
$3,324.76
ETFs saw their third consecutive trading day with combined net inflows of $301.6 million during the period.
ETH funds netted $117.2 million on December 26, led by the Fidelity ETF with net inflows of $83 million.
BlackRock’s iShares Ethereum Trust ETF received $28.2 million, while Grayscale’s ETH Fund received $6 million.
Related: 3 Coins That Are Coming Back From The Dead In 2024 And Could Continue To Rise In 2025
Ethereum has fallen 1.7% over the past day to below $3,400. It has lagged behind Bitcoin over the past two months, failing to hit an all-time high, unlike the market leader.
Unlike the 24-hour, never-stop assets that crypto ETFs track, the funds only have three trading days left this year — December 27, 30, and 31.
In its inaugural year, Bitcoin ETFs have so far seen total net inflows of $35.9 billion with total assets under management (AUM) of $111.9 billion.
Meanwhile, Ethereum exchange-traded funds attracted net inflows of $2.63 billion over the year, and have assets under management of around $12 billion.
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