Bitcoin ETFs See Rebound with $475M Inflows
Bitcoin ETFs Witness Strong Rebound
On December 26, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded a significant inflow of $475.15 million, signaling a shift in investor sentiment. This rebound came after a four-day streak of outflows that saw over $1.5 billion leave these funds. Leading the resurgence was Fidelity’s FBTC, attracting $254.37 million, followed by ARK 21Shares’ ARKB with $186.94 million in inflows. BlackRock’s IBIT also reported $56.51 million, while Grayscale Bitcoin Mini Trust and VanEck’s HODL contributed modestly to the momentum.
Offsetting Outflows and Market Dynamics
Despite the positive influx, some outflows were recorded from Grayscale’s GBTC and Bitwise’s BITB, with withdrawals of $24.23 million and $8.32 million, respectively. Overall, total trading volume approached $2.13 billion, a slight dip from the previous day’s $2.16 billion. As of the report, Bitcoin experienced a 2.2% decrease, valued at $95,996 per coin.
Ethereum ETFs See Positive Momentum
Spot Ethereum ETFs also gained traction on the same day, recording $117.09 million in inflows, extending a three-day streak totaling over $301 million. Fidelity’s FETH led the charge with $82.96 million, while BlackRock’s ETHA added $28.18 million, and Grayscale Ethereum Mini Trust saw $5.95 million. These inflows contributed to the cumulative total net inflow of $2.63 billion for Ethereum investment vehicles. Ethereum’s market price was down 1.9%, trading at $3,374.