US Bitcoin The spot ETFs have experienced four consecutive days with withdrawals. outflows on Christmas Eve.
Data SoSovalue’s report of Dec. 24, shows that combined ETF outflows totaled $338.4 Million on Christmas Eve.
BlackRock’s iShares Bitcoin ETF Leading this decline was the largest outflow in a single day of $188.7 millions. Fidelity’s Bitcoin ETF Withdrawals of $83 Million followed. Ark and 21Shares’ Bitcoin ETF Net outflows were $75 million.
Bitwise’s BITB Fund was the only ETF that recorded positive net inflows of $8.5 million. The remaining funds were inactive during the day.
The outflows are a significant reversal following an extended period of positive flows. In the last four days, Bitcoin ETFs saw a cumulative outflow of $1.5 billion. This is their biggest decline since the November election that brought back the market. Donald Trump The White House
Despite current trends, ETFs hold digital assets valued at $110 billion.
Ethereum: steady inflows
Ethereum-focused spot funds continued to attract investors interest despite the recent struggles of Bitcoin ETFs.
SoSoValue showed that the ETH related investment vehicles received $53.5 million net inflows. BlackRock’s Ethereum fund Leading the way with $43.9 millions in inflows. Bitwise’s Ethereum ETF Inflows of $6.2 million were recorded. Fidelity’s Ethereum product Addition of $3.45 Million
Ethereum funds, which were launched in July this year, have gained market share despite initially lagging behind Bitcoin ETFs.
They have seen a recent resurgence. This was highlighted by an 18-day streak of inflows before it tapered off.
Analysts from Matrixport said that these steady inflows confirm Ethereum’s appeal to institutional investors, and its position as a major digital asset within the crypto ecosystem.
As of December 24, the Ethereum funds had a combined flow of $2.51billion.
