U.S. Bitcoin ETFs Break $1.5 Billion Outflow Streak with Post-Christmas Inflows

U.S. Bitcoin exchange-traded funds (ETFs) ended a four-day streak of outflows with a net inflow of $475.2 million on December 26, signaling renewed investor interest.

The inflows followed outflows totaling $1.52 billion between December 19 and December 24, which included a record $188.7 million single-day outflow for BlackRock’s iShares Bitcoin Trust ETF (IBIT) on December 24.

Fidelity’s Wise Origin Bitcoin Fund led the recovery with $254.4 million in inflows, while ARK 21Shares’ Bitcoin ETF added $186.9 million.

More Funds See Inflows

BlackRock’s IBIT contributed $56.5 million, with Grayscale’s mini Bitcoin ETF and VanEck’s ETF recording smaller gains of $7.2 million and $2.7 million, respectively.

The resurgence comes as Bitcoin’s price slipped 2.2% over the past 24 hours, falling below $97,000.

While Bitcoin ETFs regained momentum, Ether ETFs marked their third consecutive day of net inflows, totaling $301.6 million over that period.

On December 26, Ether ETFs saw $117.2 million in net inflows, led by Fidelity’s ETF with $83 million, followed by BlackRock’s iShares Ethereum Trust ETF at $28.2 million and Grayscale’s ETH trust with $6 million.

Ether, however, lagged behind Bitcoin, dropping 1.7% to under $3,400 and failing to reach a new all-time high in recent months.

In their inaugural year, Bitcoin ETFs have seen significant activity, with total net inflows reaching $35.9 billion and total assets under management (AUM) at $111.9 billion.

Ether ETFs, while newer to the market, have recorded $2.63 billion in net inflows and an AUM of $12 billion.

On December 26, Bitcoin Spot ETFs recorded net inflows of $475.2 million, while Ethereum ETFs saw inflows of $112.2 million.👀 pic.twitter.com/Ip1hBN6Pl6

— Crypto Crib (@Crypto_Crib_) December 27, 2024

Notably, the inflows came as Strive, an asset management firm founded by Vivek Ramaswamy, has filed with U.S. regulators to launch an ETF aimed at investing in Bitcoin-linked convertible bonds.

Bitwise has also filed to launch the Bitcoin Standard Corporations ETF, which will focus on publicly traded companies holding significant Bitcoin reserves.

Digital Asset Investment Products Saw $308M Inflows Last Week

Digital asset investment products experienced net inflows of $308 million last week, though this figure conceals a significant single-day outflow of $576 million on December 19.

The week ended with a total outflow of $1 billion over its final two days, triggered largely by market reactions to the Federal Reserve’s hawkish dot plot announcement.

These movements led to a $17.7 billion reduction in total assets under management (AuM) for digital asset ETPs, marking a 0.37% decline in AuM, according to a report from CoinShares.

While concerning, this outflow is modest compared to the largest single-day outflow of 2.3% in mid-2022, which followed an FOMC interest rate hike.

Bitcoin saw resilience with net inflows of $375 million for the week, while multi-asset investment products bore the brunt of the losses, shedding $121 million.

Ethereum continued its streak with $51 million in inflows, offset by Solana’s $8.7 million outflows.

Altcoins such as XRP, Horizen, and Polkadot saw smaller but notable inflows.