As a seasoned analyst with years of experience navigating the volatile and dynamic world of cryptocurrency markets, I find it intriguing to observe the recent inflows into Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States. The $475.15 million inflow into Bitcoin ETFs and the $117.09 million inflow into Ethereum ETFs, following a streak of outflows, suggest a renewed interest among investors.
As a financial analyst, I noticed that U.S.-based Bitcoin exchange-traded funds experienced an influx of approximately $475.15 million on December 26, marking the end of a four-day trend of outflows.
Based on SoSoValue’s statistics, Bitcoin ETFs recorded a total of $475.15 million in investments on Thursday, marking a significant turnaround after four consecutive days of withdrawals totaling more than $1.5 billion.
In a leading position, Fidelity’s FBTC gathered an impressive $254.37 million in investments, while ARK 21Shares’ ARKB trailed closely behind with $186.94 million in new investments.
In simpler terms, BlackRock’s IBIT received approximately $56.51 million, while Grayscale Bitcoin Mini Trust and VanEck’s HODL also experienced growth, albeit with more modest inflows of around $7.19 million and $2.7 million each, respectively, contributing to a positive trend.
On that particular day, certain influxes were balanced out by withdrawals from Grayscale’s GBTC and Bitwise’s BITB, totaling approximately $32.55 million in withdrawals combined. Meanwhile, the other five Bitcoin ETFs did not register any flows or transactions on the same day.
On December 26th, the cumulative trading volume for these investment products closed at approximately $2.13 billion, only slightly lower than the $2.16 billion recorded the day prior. As an analyst, I find it intriguing that there was such a minimal difference between the two days’ figures.
As I write this analysis, Bitcoin (BTC) has dipped by approximately 2.2% in the past 24 hours, currently trading at $95,996 per coin.
Ether ETF inflows hit 3-day streak
On December 26th, the Ethereum ETFs with a nine-spot designation experienced a favorable day, attracting investments amounting to approximately $117.09 million. This was the third consecutive day of investment inflows, resulting in a cumulative total of over $301 million over the past three days.
Most of the investments flowed into Fidelity’s FETH fund, receiving approximately $82.96 million. BlackRock’s ETHA also contributed to the growth with inflows totaling $28.18 million. Grayscale Ethereum Mini Trust experienced more modest inflows of $5.95 million. The remaining six ETFs related to Ethereum did not show significant changes on that day.
The combined total amount of money flowing into these investment options amounts to approximately $2.63 billion. At the time of writing, Ethereum (ETH) had dropped by 1.9%, with a current price of $3,374.
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2024-12-27 10:20