Bitcoin ETFs log $479m inflows despite BTC flash crash below $95k

Spot Bitcoin exchange-traded funds in the US recorded inflows of $479.06 million on December 9, even as Bitcoin’s price briefly fell below $95,000, triggering a pullback in the broader crypto market.

According to SoSoValue data, the latest net inflows into the 12 spot Bitcoin ETFs marked the eighth consecutive day of positive action, bringing cumulative inflows in the period to $3.6 billion.

BlackRock’s IBIT led for the seventh day in a row, attracting $394.07 million in inflows on December 9. Fidelity’s FBTC also performed strongly, generating $175.47 million in inflows. Grayscale Bitcoin Mini Trust added $7.25 million with more modest contributions.

These inflows were partially offset by Bitwise’s BITB, ARK 21Shares’ ARKB, and Grayscale’s GBTC, which reported outflows of $39 million, $34.3 million, and $24.44 million, respectively. The remaining BTC ETFs saw zero flows on the day.

The total trading volume of these Bitcoin ETFs rose to $4.35 billion, exceeding the volume recorded on December 8.

Despite strong ETF inflows, the Bitcoin (BTC) price experienced significant volatility, briefly falling below $95,000 from an intraday high of $100,200. The flash crash triggered a ripple effect in the broader crypto market, which saw it decline by 6.8% in the past day. This downturn led to liquidations exceeding $1.7 billion, affecting more than 570,000 investors.

At the time of writing, the flagship crypto asset is still down 1.4%, changing hands at $97,231.

Ether ETFs expand entry lineup

Meanwhile, Ether ETFs continued their positive trend, recording inflows of $149.79 million on December 9, extending their winning streak to 11 consecutive days.

BlackRock’s ETHA led with an inflow of $155.37 million, followed by Fidelity’s FETH with an inflow of $30.11 million. Grayscale Ethereum Mini Trust contributed $8.83 million in additional inflows.

Grayscale’s ETHE, Bitwise’s ETHW, and 21Shares’ CETH reported exits of $27.39 million, $12.99 million, and $4.15 million, respectively. The remaining ETH ETFs remained neutral.

Ethereum (ETH) mirrored Bitcoin’s decline, falling 4.1% in the last 24 hours to trade at $3,728.