BTC ETF actually saw an outflow of 338 million dollars on Christmas Eve?

CN
1 year ago

The spot Ethereum ETF continues to attract investor interest.

Written by: Cryptoslate

Translated by: Blockchain Knight

The US BTC ETF has faced outflows for four consecutive days, culminating in a significant outflow on Christmas Eve.

According to SoSovalue data on December 24, the ETF recorded a total outflow of $338.4 million on Christmas Eve.

BlackRock's iShares BTC ETF led the decline, with a single-day maximum outflow of $188.7 million.

Fidelity's BTC ETF followed closely, with outflows of $83 million, while Ark and 21Shares' BTC ETFs saw net outflows of $75 million.

Bitwise's BITB fund is the only ETF to record positive net inflows, increasing by $8.5 million. The other funds had no activity that day.

Meanwhile, the outflows mark a significant reversal after a series of positive flows.

Over the past four trading days, the BTC ETF has seen cumulative outflows of over $1.5 billion, marking the most significant decline since Trump took office in November.

BTC ETF saw an outflow of $338 million on Christmas Eve?_aicoin_image1

Despite the current trend, the cumulative flow of the ETF has reached $35.49 billion, holding $11 billion worth of digital assets.

The BTC ETF has been struggling in recent days, but the spot Ethereum ETF continues to attract investor interest.

SoSoValue's data shows that investment tools related to Ethereum saw net inflows of $53.5 million, with BlackRock's Ethereum fund leading with inflows of $43.9 million.

Bitwise's Ethereum ETF saw inflows of $6.2 million, while Fidelity's Ethereum products increased by $3.45 million.

Since the launch of the Ethereum ETF in July, despite initially lagging behind the BTC ETF, it has recently made a comeback, highlighted by 18 consecutive days of inflows before gradually tapering off.

Matrixport analysts explain that these sustained inflows underscore Ethereum's continued appeal among institutional investors and solidify its position as a key digital asset in the crypto ecosystem.

As of December 24, the total flow of Ethereum funds reached $2.51 billion.

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