Bitcoin ETFs see tepid Inflows, while Ether ETFs rebound strongly

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As a seasoned analyst with years of experience navigating the cryptocurrency market, I find it intriguing to see such a swift reversal of fortunes for Bitcoin and Ethereum ETFs on Dec. 31. The market’s volatility is like a rollercoaster ride, and these funds are no exception.

The inflows into Bitcoin ETFs, particularly Fidelity’s FBTC, were a breath of fresh air after the heavy outflows of the previous days. It seems that investors are still bullish on Bitcoin despite its recent losses. However, it’s important to remember that in this market, the only thing predictable is unpredictability!

Ethereum ETFs also experienced a strong rebound, with Fidelity’s FETH leading the charge. It’s fascinating to see how these funds can attract such significant inflows even amidst broader market downturns. One might joke that Ethereum and Bitcoin are like two ships sailing in stormy seas – always managing to find a way forward!

That being said, it’s crucial to keep a close eye on the market trends and make informed decisions. The cryptocurrency world is dynamic and ever-changing, and as an analyst, I’m always ready for the next wave!

On a lighter note, I can’t help but think of the old saying, “When the going gets tough, the tough get going.” In the crypto market, when the prices go down, the smart money goes in! After all, every dip is just an opportunity to buy the dip!

On December 31st, there was an increase in investments for Bitcoin and Ethereum exchange-traded funds, which followed a day of substantial outflows due to a widespread market drop. During this period, both assets suffered significant losses.

Based on figures from SoSoValue, Bitcoin ETFs holding 12 spots collectively brought in approximately $5.32 million on Tuesday, concluding a two-day period during which these funds experienced an outflow of more than $723 million.

As an analyst, I observed that the bulk of investments flowed into Fidelity’s FBTC, with a substantial sum of approximately $36.81 million being poured into the fund. The momentum was further propelled by contributions from Bitwise’s BITB and Grayscale Bitcoin Mini Trust, which reported inflows of around $8.68 million and $4.14 million respectively.

As a researcher, I’ve noticed that yesterday, BlackRock’s IBIT experienced outflows for the second consecutive day, with approximately $23.45 being withdrawn from the fund. Additionally, ARK 21Shares’ ARKB and Grayscale’s GBTC recorded outflows totaling $11.23 million and $9.63 million respectively. The other six Bitcoin ETFs remained stable on this day, with no significant inflows or outflows.

On December 31st, the overall trading volume for these investments was $2.25 billion, which was notably less than the $3.14 billion traded the day before.

At press time Bitcoin (BTC) was up 1.1% over the past day exchanging hands at $93,545 per coin.

On December 31st, there was a significant increase in investments into the nine spot Ethereum ETFs, amounting to $35.93 million, following a day earlier marked by outflows worth $55.41 million.

Today, Fidelity’s FETH fund attracted the most investments with a total of $31.77 million poured in, and the Grayscale Ethereum Mini Trust received $9.77 million in new investments.

As a crypto investor, I noticed that Grayscale’s Ethereum Trust (ETHE) had an outflow of approximately $5.61 million today, partially balancing the inflows. The other Ethereum ETFs, however, didn’t show any activity for the day.

Ethereum (ETH) was down 0.5% over the past 24 hours trading at $3,337.

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2025-01-01 10:17