Over the past seven days #биткоин fell by 12.16%, negatively impacting investor sentiment and provoking an outflow of funds from spot bitcoin ETFs traded in the U.S.
According to data from the SosSoValue platform, exchange-traded funds lost more than $1.18 billion in just three days. Over the past trading day, the total outflow of funds exceeded $226 million.
Inflow of funds into spot bitcoin funds
The most money was withdrawn from FBTC from Fidelity — about $145.97 million. The GBTC fund from Grayscale lost $38.39 million, BTCO from Invesco Galaxy — $25.56 million, BITB from Bitwise — $23.75 million, ARKB from ARK and 21Shares — $15.75 million, Bitcoin Mini Trust from Grayscale lost $6.18 million, and $2.62 million was withdrawn from HODL from VanEck.
IBIT from BlackRock became the only bitcoin ETF to record an inflow of $31.66 million.
As of December 23, the total net asset value of bitcoin-based exchange-traded funds reached $105.084 billion. This is approximately 5.7% of the market capitalization of the flagship cryptocurrency.
In contrast, issuers of spot Ethereum ETFs reported an influx of funds. On Monday, December 23, investors poured more than $130.76 million into the funds. The total net inflow since launch has reached $2.46 billion.
