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U.S.-based spot Bitcoin ETFs have faced a significant reversal in investor sentiment, shedding over $1.5 billion during a four-day outflow streak. This marks the largest outflow event since Donald Trump’s re-election, which had previously boosted market confidence.
Key Outflow Highlights
On December 24, spot Bitcoin ETFs recorded a net outflow of $338 million, as reported by SoSoValue.
Major Contributors to the Outflow
- BlackRock’s IBIT: -$188 million
- Fidelity’s FBTC: -$83.16 million
- ARK Invest’s ARKB: -$75.02 million
Bitwise’s BITB stood out as the only fund with a positive inflow of $8.50 million, while other funds like Grayscale’s GBTC, VanEck’s HODL, Valkyrie’s BRRR, and WisdomTree’s BTCW reported no notable activity.
Bitcoin ETF Assets Decline Amid Price Gains
Despite the outflows, total assets held by Bitcoin ETFs stood at $107.53 billion, supported by daily gains of up to +6.48%.
However, the four-day streak has dragged cumulative net inflows down to $35.68 billion, a sharp decline from the December 16 peak of $121.7 billion.
- The highest-ever single-day outflow of $680 million occurred on December 19.
Ethereum ETFs Gain Momentum
In contrast, spot Ethereum ETFs experienced $130.76 million in net inflows on December 23, pushing cumulative net inflows to $2.46 billion.
Top Performers in Ethereum ETFs
- BlackRock’s ETHA: +$89.51 million, total assets at $3.51 billion.
- Fidelity’s FETH: +$46.37 million, total assets at $1.46 billion.
- Grayscale’s ETH: -$6.09 million, total assets steady at $1.61 billion.
Total net assets across Ethereum ETFs reached $12.05 billion, accounting for 2.94% of Ethereum’s market cap, with a daily trading volume of $494.25 million.
Digital Asset Investment Trends
Last week, digital asset investment products recorded $308 million in net inflows, despite a significant $576 million single-day outflow on December 19.
- Bitcoin: Resilient with $375 million in net inflows for the week.
- Ethereum: Continued its streak with $51 million in inflows.
- Altcoins: XRP, Horizen, and Polkadot saw smaller but positive inflows, while Solana faced outflows of $8.7 million.
The week ended with a $1 billion net outflow, driven by market reactions to the Federal Reserve’s hawkish stance, leading to a 0.37% decline in total assets under management (AuM) for digital asset ETPs.
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