On Christmas Eve, the 12 spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $338.38 million, while the nine spot ether ETFs enjoyed inflows of $53.54 million.
Bitcoin ETFs Falter as Ether ETFs Rally in Market Tug-of-War
Tuesday marked the fourth consecutive day of losses for the spot bitcoin ETFs, with $338.38 million leaving the sector. Blackrock’s IBIT saw the steepest decline, shedding $188.71 million. Fidelity’s FBTC followed with a loss of $83.16 million, and Ark Invest’s and 21shares’ ARKB fund saw a $75.02 million reduction. Providing a silver lining, Bitwise’s BITB managed to gain $8.5 million.
The other nine funds maintained equilibrium with no gains or losses recorded. The significant outflows reduced the net inflows collected since Jan. 11 to $35.49 billion. According to Sosovalue.com, Tuesday’s trading volume reached $2.16 billion, with the 12 ETFs collectively holding $110 billion in bitcoin reserves.
In contrast, ether ETFs fared well with $53.54 million in positive inflows. Blackrock’s ETHA led the charge, attracting $43.9 million, followed by Bitwise’s ETHW with $6.19 million and Fidelity’s FETH with $3.45 million. The remaining funds reported no changes. Sosovalue.com data shows that the cumulative net inflows since July 23 have risen to $2.51 billion, with the nine funds now holding $12.35 billion in ether, equivalent to 2.97% of the cryptocurrency’s market capitalization.
The contrasting movements in bitcoin and ether ETFs hint at diverging investor sentiment, reflecting a market reassessing its allocation strategies. While bitcoin ETFs grapple with persistent outflows, ether’s steady inflows suggest rising confidence in ETH’s growth potential. As 2025 approaches, these trends could redefine how institutional players balance portfolios, signaling evolving priorities in the broader cryptocurrency sector.
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