In a surprising turn after a holiday slump, U.S. spot Bitcoin ETFs reported net inflows of $475.2 million on Dec. 26, following four consecutive trading days of outflows totalling $1.52 billion, according to CoinGlass.
The inflows were led by the Fidelity Wise Origin Bitcoin Fund, which attracted $254.4 million, followed by ARK 21Shares Bitcoin ETF with $186.9 million, and BlackRock’s iShares Bitcoin Trust ETF (IBIT) with $56.5 million. Smaller inflows were recorded by Grayscale’s mini Bitcoin ETF and VanEck’s ETF, with $7.2 million and $2.7 million, respectively.
This reversal comes as Bitcoin's price dipped 2.2% over the last day, falling from $98,000 to just above $96,000. Despite recent challenges, Bitcoin ETFs have shown resilience, with total net inflows of $35.9 billion and assets under management (AUM) reaching $111.9 billion since their launch in January.
Ether ETFs Also Show Strength
Ether ETFs continued their positive streak with $117.2 million in net inflows on Dec. 26, marking their third consecutive day of inflows. Fidelity led the ETH inflow with $83 million, followed by BlackRock’s iShares Ethereum Trust ETF at $28.2 million, and Grayscale’s ETH trust with $6 million. Ether ETFs have amassed $2.63 billion in net inflows this year, with an AUM of around $12 billion.
With only three trading days left in 2024, the crypto ETF market reflects growing investor interest and optimism heading into 2025, despite short-term price volatility. Analysts remain bullish on the long-term impact of these funds in driving institutional crypto adoption, according to Cointelegraph.
