On December 23, outflows from Bitcoin-based spot exchange-traded funds amounted to $226.6 million. The negative trend continued for the third consecutive day with a total of $1.18 billion.$BTC $ETH $PEPE
The cumulative inflow since the approval of the BTC-ETF in January has decreased to $35.83 billion.
The AUM of the products corresponds to $105.1 billion — 5.7% of the digital gold capitalization.
ETH-ETF
On December 23, investors directed $130.8 million into spot Ethereum-ETFs. Previously, outflows were observed for two consecutive days. Before that, clients invested $2.45 billion in the instruments over 18 days.
Since the launch, exchange-traded funds have attracted $2.46 billion.
The AUM is $12.05 billion.
Recall that every $1 billion in inflows to the BTC-ETF pushes Bitcoin up by 3-6%, according to Sygnum's calculations.
Earlier, top manager of the YouHodler platform Ruslan Lienha pointed out the prospects of including staking in the Ethereum-ETF. Bernstein holds the same opinion.
Some experts believe that the successes of the ETH-ETF may push the second-largest cryptocurrency to a new all-time high.#BtcNewHolder