 Post-Christmas miracle as Bitcoin ETFs clinch inflow after 4-day bleed 
2024-12-27
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United States Bitcoin exchange-traded funds (ETFs) have seen net inflows the day after Christmas, stemming a four-trading day run of outflows totaling more than $1.5 billion.
The 11 ETFs together saw net inflows of $475.2 million on Dec. 26, led by $254.4 million worth of flows into the Fidelity Wise Origin Bitcoin BTCUSD Fund (FBTC), per CoinGlass.
The ARK 21Shares Bitcoin ETF (ARKB) followed with $186.9 million in inflows, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) net took in $56.5 million.
Grayscale’s mini Bitcoin ETF and VanEck’s ETF also saw more modest inflows of $7.2 million and $2.7 million, respectively.
US markets closed on Dec. 25 for Christmas Day, so the inflows follow four straight trading days of total net outflows from the ETFs between Dec. 19 and Dec. 24, which totaled $1.52 billion.
IBIT saw its largest-ever single-day net outflow of $188.7 million on Dec. 24, more than doubling its previous record of $72.7 million set on Dec. 20.
It comes as Bitcoin (BTC) has dropped 2.2% over the last day, falling from around $98,000 to just above $96,000.
CoinGlass shows that Ether (ETH) ETFs, meanwhile, have seen their third consecutive trading day of joint net inflows totaling $301.6 million over that time.
The ETH funds on Dec. 26 net took in $117.2 million, again led by Fidelity’s ETF with $83 million worth of net inflows.
BlackRock’s iShares Ethereum Trust ETF (ETHA) followed up with $28.2 million, while Grayscale’s ETH trust took in $6 million.
ETH is down 1.7% over the past day to under $3,400. It has lagged behind Bitcoin over the past two months, failing to crack a new all-time high, unlike the market leader.
Unlike the 24-hour, never-off assets that the crypto ETFs track, the funds themselves only have three days left of trading this year — Dec. 27, 30 and 31.
In their inaugural year, the Bitcoin ETFs have so far seen total net inflows of $35.94 billion with total assets under management (AUM) of $111.87 billion.
Ether ETFs, meanwhile, have taken in $2.63 billion in net inflows over the year and have an AUM of around $12 billion.
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