As the year comes to a close, the crypto world has witnessed a significant dip in Bitcoin ETF performance, marking their worst weekly performance since September. Let’s dive into what’s happening:
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🔥 Bitcoin ETFs Get Coal for Christmas
Spot Bitcoin ETFs saw $387 million in net outflows during Christmas week (Dec 23–27).
Three consecutive red days led to a total outflow of $862.69 million by Friday.
A brief Christmas rally (Dec 26) brought some relief with $475.5 million inflows, but Friday’s $297.75 million outflow erased gains.
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📉 Biggest Losers and Winners
1. Losers:
Fidelity’s FBTC: $208M outflows on Friday, making it the worst performer of the week.
BlackRock’s IBIT: Second worst, with $188.7M in outflows.
2. Winners:
ARK 21Shares’ ARKB: Surged with $186.9M in inflows, one of the week’s top performers.
FBTC also recorded a strong inflow earlier in the week with $254.4M on Thursday.
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🌟 Best Year Ever for ETFs Despite Year-End Bleeding
Despite the recent downturn:
ETFs had their best-performing year, with $35.65 billion in net inflows throughout 2024.
Spot Bitcoin ETFs came close to rivaling gold ETFs, nearing $128 billion in net assets by mid-December.
The introduction of crypto ETFs fueled investor interest, establishing them as a powerful long-term vehicle for traditional investors.
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💡 What’s Next?
Experts believe this is just a temporary dip in an otherwise stellar year.
Spot Bitcoin ETFs are set to remain a disruptive powerhouse in the investment world.
With increasing adoption and strong backing, 2025 might see new highs despite the volatility.
