#BitwiseBitcoinETF 26 December 2024, Bitcoin spot ETFs experienced net outflows of $1.514 billion in the four trading days since December 19. This reflects a shift in investor sentiment to more cautious as Bitcoin prices surged to a record high of $108,268 amid growing uncertainty over US monetary policy.
January 11, 2024, the SEC has approved 11 Bitcoin spot ETFs for trading, including Blackrock's iShares Bitcoin Trust (IBIT), ARK 21Shares Bitcoin ETF (ARKB), WisdomTree Bitcoin Fund (BTCW), Invesco Galaxy Bitcoin ETF (BTCO), Bitwise Bitcoin ETF (BITB), VanEck Bitcoin Trust (HODL), Franklin Bitcoin ETF (EZBC), Fidelity Wise Origin Bitcoin Trust (FBTC), Valkyrie Bitcoin Fund (BRRR), Grayscale Bitcoin Trust (GBTC), and Hashdex Bitcoin ETF (DEFI).
US spot Bitcoin ETF demand surged after the US election, hitting a record $1.38 billion, indicating that institutional interest in Bitcoin remains strong.
The Bitcoin market is experiencing unusual activity, indicating increased adoption of US-listed spot ETFs for pure directional plays, rather than arbitrage strategies.
Overall, Bitcoin ETFs remain an attractive investment vehicle for institutional and retail investors. Bitcoin ETFs do carry risks, such as price volatility and regulatory changes.