As the year-end funds surge, BlackRock's spot Bitcoin ETF faces its fourth outflow!
On December 31, the net inflow of the spot Bitcoin ETF was $5.32 million, but BlackRock saw an outflow of $23.5 million in a single day, becoming the market focus at the year-end. On the same day, Ark had an outflow of $11.2 million, and Grayscale saw an outflow of $9.6 million. Meanwhile, Fidelity and Bitwise demonstrated strong capital-raising capabilities, recording inflows of $36.8 million and $8.7 million respectively.
Throughout 2024, the total net inflow of Bitcoin ETFs reached $35.24 billion, with a cumulative trading volume of $2.25 billion, and total assets exceeding $105.4 billion. From the frenzy at the beginning of the year to the differentiation at the end, the Bitcoin ETF market reveals the ebb and flow of different forces.
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