BTC ETF Christmas Eve funds retreat, $338.4 million flowed out?
The spot Ethereum ETF is quite popular, investors like it.
News from Blockchain Knight
Hey, did you know? In the U.S., that BTC ETF had four consecutive days of withdrawals, and on Christmas Eve alone, it saw an outflow of $338.4 million!
SoSovalue's data showed that on Christmas Eve, the BTC ETF had a total outflow of this amount. BlackRock's iShares BTC ETF was the worst hit, with an outflow of $188.7 million in just one day.
Fidelity's BTC ETF also withdrew $83 million, while Ark and 21Shares' BTC ETFs combined saw a net outflow of $75 million.
However, Bitwise's BITB fund did quite well, with a net inflow of $8.5 million. Other funds had little movement that day.
This is quite interesting; previously, BTC ETFs had net inflows, but now it has reversed.
Speaking of which, in these four trading days, the BTC ETF saw a total outflow of over $1.5 billion, marking the worst drop since Trump entered the White House.
That said, the ETF's cumulative flow is still at $35.49 billion, holding $11 billion in digital assets.
The BTC ETF has had a tough few days, but the spot Ethereum ETF remains quite attractive.
SoSoValue's data shows that Ethereum-related investment tools had a net inflow of $5.35 million, with BlackRock's Ethereum fund performing the best, bringing in $4.39 million.
Bitwise's Ethereum ETF also saw an inflow of $620,000, and Fidelity's Ethereum products increased by $345,000.
Since the Ethereum ETF launched in July, it wasn't as hot as the BTC ETF at first, but it has picked up recently, with 18 consecutive days of net inflows before tapering off.
Matrixport's analysts noted that this continuous inflow indicates Ethereum remains quite popular among institutional investors, proving its important position in the Crypto ecosystem.
As of December 24, the total flow of Ethereum funds had reached $2.51 billion.
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