Written by: Cryptoslate
Compiled by: Blockchain Knight
The U.S. BTC ETF has faced withdrawals for four consecutive days, ending with significant outflows on Christmas Eve.
According to data from SoSovalue on Dec. 24, ETFs recorded a combined $338.4 million in outflows on Christmas Eve.
BlackRock’s iShares BTC ETF led the decline, with the largest daily outflow of $188.7 million.
Fidelity’s BTC ETF followed closely behind with $83 million in withdrawals, while Ark and 21Shares’ BTC ETFs saw net outflows of $75 million.
Bitwise’s BITB fund was the only ETF to record positive net inflows, adding $8.5 million. The rest of the funds saw no activity on the day.
Meanwhile, the outflows signify a notable reversal following a period of continuous positive inflows.
In the past four trading days, the BTC ETF has seen cumulative outflows of over $1.5 billion, marking the most significant decline since Trump took office in November.
Despite the current trend, the cumulative flow of ETFs has reached $35.49 billion, with digital assets worth $110 billion held.
The BTC ETF has struggled in recent days, but spot Ethereum ETFs continue to attract investor interest.
Data from SoSoValue shows that investment tools related to Ethereum had a net inflow of $53.5 million, with BlackRock's Ethereum fund leading the way with an inflow of $43.9 million.
The Ethereum ETF of Bitwise saw an inflow of $6.2 million, while Fidelity's Ethereum product increased by $3.45 million.
Since the launch of the Ethereum ETF in July, despite an initial performance lagging behind the BTC ETF, it has recently rebounded, highlighted by 18 consecutive days of inflows before gradually decreasing.
Analysts at Matrixport explain that these ongoing inflows underscore Ethereum's sustained appeal among institutional investors and reinforce its position as an important digital asset in the crypto ecosystem.
As of December 24, the total flow of Ethereum funds reached $2.51 billion.
