Institutional investors are cautious as the cryptocurrency market adjusts further, with spot Bitcoin ETFs in the US reversing a 15-day trend of inflows.
- Over the past three trading days, 11 Bitcoin ETFs have lost $1.17 billion as assets dropped more than 14% from the all-time high a week ago.
- On December 23, total outflows reached $226.5 million, with Fidelity leading at $146 million. However, BlackRock had inflows of $31.7 million.
- Total inflows into these investment products so far amount to $35.8 billion, indicating strong demand for Bitcoin-based ETPs.
- BlackRock's Bitcoin ETF is currently among the top 35 largest ETFs with $53.3 billion in assets under management. 🚀
- Meanwhile, spot Ethereum ETFs had inflows of $130.8 million, with BlackRock leading.