By CentBit.Online – Your Trusted Crypto & Blockchain Expert from Bangladesh
The spot Bitcoin exchange-traded funds (ETFs) in the United States experienced significant outflows on December 30, 2024, as Bitcoin’s price remained under pressure, trading below $93,000.
Spot Bitcoin ETF Outflows Surge
According to SoSoValue data, $426.13 million was withdrawn from 12 spot Bitcoin ETFs on December 30, marking the second consecutive day of outflows. The two-day total outflows now stand at a staggering $723.8 million.
Leading the withdrawals:
- Fidelity’s Wise Origin Bitcoin Fund (FBTC): $154.64 million
- Grayscale Bitcoin Trust (GBTC): $134.5 million
- BlackRock’s iShares Bitcoin Trust (IBIT): $36.52 million
- Grayscale Bitcoin Mini Trust: $31.73 million
- Bitwise Bitcoin ETF (BITB): $31.37 million
- ARK 21Shares Bitcoin ETF (ARKB): $26.4 million
- Valkyrie’s Bitcoin ETF (BRRR): $10.96 million
No Bitcoin ETFs reported inflows during this period.
Bitcoin and Ethereum Price Update
At the time of writing, Bitcoin (BTC) is trading at $92,458, reflecting a 1% daily decline.
The downturn isn’t isolated to Bitcoin ETFs. Spot Ethereum ETFs recorded outflows of $55.41 million on December 30, ending a four-day inflow streak that previously brought $349.1 million into these funds.
Leading Ethereum ETF withdrawals:
- Fidelity’s Ethereum Fund (FETH): $20.41 million
- Grayscale Ethereum Trust (ETHE): $17.36 million
- Grayscale Mini Ethereum Trust: $13.75 million
- Franklin Templeton’s Ethereum ETF (EZET): $3.88 million
Ethereum is currently priced at $3,353, down 9% for the month.
2024 Spot Bitcoin ETF Success Story
Despite the recent downturn, 2024 has been a landmark year for spot Bitcoin ETFs in the U.S., with net inflows exceeding $35.66 billion, significantly outperforming initial industry forecasts.
Key inflows:
- BlackRock’s iShares Bitcoin Trust ETF (IBIT): $37.31 billion
- Fidelity’s Wise Origin Bitcoin Fund (FBTC): $11.84 billion
- ARK’s 21Shares Bitcoin ETF (ARKB): $2.49 billion
- Bitwise Bitcoin ETF (BITB): $2.19 billion
These figures overshadowed Galaxy Digital’s early estimate of $14 billion in first-year inflows.
Ethereum ETFs also had a strong year, with notable inflows:
- BlackRock’s iShares Ethereum Trust ETF (ETHA): $3.52 billion
- Fidelity Ethereum Fund (FETH): $1.56 billion
- Grayscale Ethereum Mini Trust ETF (ETH): $608.1 million
- Bitwise Ethereum ETF (ETHW): Over $400 million
Looking Ahead
While the recent outflows highlight market volatility, the overall performance of Bitcoin and Ethereum ETFs in 2024 underscores their growing role in mainstream investment portfolios. As we step into 2025, investors and analysts will closely monitor the recovery and growth trajectory of these ETFs.
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