Bitcoin ETFs Face Significant Outflows on Christmas Eve
- US Bitcoin spot ETFs experienced four consecutive days of withdrawals.
- Combined outflows of $338.4 million were recorded on Christmas Eve.
- BlackRock’s iShares Bitcoin ETF led the decline with a single-day outflow of $188.7 million.
- Bitwise’s BITB fund was the only ETF to see positive net inflows, adding $8.5 million.
- Cumulative outflows of over $1.5 billion in the past four trading days marked a significant downturn for Bitcoin ETFs.
- ETFs hold a cumulative flow of $35.49 billion and $110 billion worth of digital assets.
Steady Inflows for Ethereum ETFs
- While Bitcoin ETFs faced outflows, Ethereum-focused spot ETFs attracted investor interest.
- Ethereum ETFs saw $53.5 million in net inflows, with BlackRock’s Ethereum fund leading with $43.9 million.
- Bitwise’s Ethereum ETF and Fidelity’s Ethereum product also saw inflows.
- Ethereum funds have gained traction despite initial performance lagging behind Bitcoin ETFs.
- Analysts highlight Ethereum’s appeal among institutional investors and its status as a key digital asset.
- Ethereum funds have a collective flow of $2.51 billion as of Dec. 24.
