Main conclusions
US spot Bitcoin ETFs command $108.23 billion worth of BTC, or 5.54% of its market cap. BlackRock’s ETF accounts for 46.7% of that.
Bitcoin is trading above $102,000 with a market cap of $2.04 trillion.
US Ethereum spot ETFs represent $12.26 billion in net assets or 2.62% of its market cap.
Bitcoin (BTC) exchange-traded fund (ETF) inflows in December are set to challenge the record billions that were injected in November when BTC surpassed $100,000.
Bitcoin ETFs
According to data from SoSoValue, Bitcoin ETFs garnered $556.82 million in net inflows on Dec. 4. This brings the total inflows to a robust $1.59 billion this week.
Taking up almost all of the day’s inflows, Blackrock’s iShares Bitcoin Trust (IBIT) raked in $571.71 million in net inflows, bringing its cumulative net inflows to $44.34 billion, more than three times that of its closest competitor.
Additionally, IBIT now holds a staggering $50.59 billion worth of BTC.
Grayscale’s Bitcoin Mini Trust raised a modest $55.71 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which generated $17.27 million in net inflows. The Bitwise Bitcoin ETF (BITB) raised just $6.64 million.
Offsetting some of these gains and unable to capture any bullish investor sentiment, the Grayscale Bitcoin Trust (GBTC) lost $94.31 million in net outflows.
The fund has seen $20.64 billion in cumulative net outflows, nearly halving its entire portfolio since its launch in January.
BlackRock Domain
Funds are starting December on a high note as BTC continues its historic climb past the coveted $100,000 price point.
However, no fund has enjoyed the gains more than BlackRock’s IBIT, which, with 2.59% of BTC’s market cap under its command, now has a BTC portfolio valued at $50.59 billion.
BlackRock owes some thanks to the launch of IBIT options trading, which significantly increased IBIT volumes.
According to SoSoValue, BlackRock's December inflows totaled $1.6 billion, essentially its entire December net inflow thus far.
Outflows from the Ark 21Share Bitcoin ETF (ARKB), Grayscale and others worked against those gains, albeit just barely, as through three days, net inflows still stood at $1.59 billion.
