In a significant development following a stretch of losses, United States Bitcoin exchange-traded funds (ETFs) have achieved net inflows amounting to nearly $500 million shortly after Christmas. This financial resurgence comes after a four-day period of substantial outflows that drained over $1.5 billion from these funds.
On December 26, a total of 11 Bitcoin ETFs experienced a net inflow of $475.2 million. This surge was primarily driven by the Fidelity Wise Origin Bitcoin Fund, which attracted $254.4 million. The ARK 21Shares Bitcoin ETF also saw considerable interest, drawing in $186.9 million, while BlackRock’s iShares Bitcoin Trust ETF garnered $56.5 million in investments. Grayscale’s mini Bitcoin ETF and VanEck’s ETF recorded more modest gains of $7.2 million and $2.7 million, respectively.
This rebound follows U.S. market closures on Christmas Day, and concludes a period from December 19-24 during which the ETFs experienced a $1.52 billion outflow. Notably, the iShares Bitcoin Trust ETF witnessed its highest single-day net outflow of $188.7 million on December 24, eclipsing its previous record set just days earlier.
Concurrently, Bitcoin’s value dipped by 2.2% within a day, dropping from approximately $98,000 to just above $96,000. Despite Bitcoin’s fluctuations, Ether ETFs have maintained positive momentum. Over the past three trading days, they have welcomed net inflows totaling $301.6 million. On December 26 alone, Ether ETFs secured $117.2 million, predominantly led by Fidelity’s fund.
Thus far, in their first operational year, Bitcoin ETFs have amassed total net inflows of $35.94 billion with assets under management (AUM) reaching $111.87 billion. Meanwhile, Ether ETFs have collected $2.63 billion in net inflows and hold an AUM nearing $12 billion. As the year concludes, crypto ETFs will have just three more trading days to round out their inaugural year of operation.
