Bitcoin ETFs see strong rebound with $475.15m inflows

Spot Bitcoin exchange-traded funds in the US recorded an inflow of $475.15 million on December 26, ending a four-day outflow streak.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded inflows of $475.15 million on Thursday, following four consecutive days of outflows that led to an outflow of over $1.5 billion from the funds.

Fidelity’s FBTC ranked first with an inflow of $254.37 million, followed by ARK 21Shares’ ARKB with an inflow of $186.94 million.

BlackRock’s IBIT saw an inflow of $56.51 million, while Grayscale Bitcoin Mini Trust and VanEck’s HODL also added to the positive momentum with more modest inflows of $7.19 million and $2.7 million, respectively.

Inflows on the day were partially offset by outflows from Grayscale’s GBTC and Bitwise’s BITB, offset by withdrawals of $24.23 million and $8.32 million respectively. The remaining five BTC ETFs recorded zero flows on the day.

The total transaction volume of these investment products stood at $2.13 billion on December 26, close to the $2.16 billion seen the previous day.

At the time of writing, Bitcoin (BTC) was down 2.2% in the last 24 hours and changed hands at $95,996 per coin.

Ether ETF inflows reach 3-day streak

Nine spot Ethereum ETFs also had a positive day on December 26, recording inflows of $117.09 million. This marked the third consecutive day of inflows, bringing the three-day series total to over $301 million.

The majority of inflows came into Fidelity’s FETH, with $82.96 million entering the fund. BlackRock’s ETHA added to the positive momentum with an inflow of $28.18 million, while Grayscale Ethereum Mini Trust saw a more modest inflow of $5.95 million respectively. The remaining six ETH ETFs remained neutral throughout the day.

The cumulative net inflow of these investment instruments was 2.63 billion dollars. Ethereum (ETH) traded at $3,374, down 1.9% over the past day.