Bitcoin ETF inflows reach $450 million, BTC expected to recover
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The U.S. spot Bitcoin ETF regained momentum on Thursday, December 26, and the changes in the funds flowing into this investment tool are clear evidence. Fidelity's FBTC led the gains on Thursday, while Ark's ARKB and BlackRock's IBIT supported this trend. It is worth noting that since December 19, there has been a significant outflow of funds from the investment tools, raising concerns about the entire crypto market. This change in fund flows also occurred against the backdrop of a general recovery in the crypto market, which has also driven up BTC's value.
Bitcoin ETF inflows regain momentum
Recently, the U.S. spot Bitcoin ETF experienced a large outflow of funds, causing BTC to drop significantly. This strong outflow of funds seems to have dampened investor sentiment, further triggering market volatility. However, based on recent trends in fund flows, investor sentiment seems to have changed.
According to data from Farside Investors, the total inflow for U.S. spot BTC ETFs on Thursday reached $475.2 million. Fidelity's FBTC led the charge with an inflow of $254.4 million on December 26, reflecting a recovery in investor confidence. Meanwhile, ARK's ARKB and BlackRock's IBIT saw inflows of $186.9 million and $56.6 million, respectively.
At the same time, this change in trend occurred after the investment tools recently experienced a downturn. As a backdrop, the BTC ETF recorded an outflow of $1.51 billion from December 19 to December 24, which put pressure on investor sentiment, especially after a strong inflow of funds in the past few weeks.
Given this, institutional interest in the digital asset space seems to be surging again. As a backdrop, the U.S. spot Ethereum ETF also recorded an inflow of $117.2 million yesterday, with Fidelity's FETH leading with an inflow of $83 million.
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