On December 30, spot Bitcoin exchange-traded funds (ETFs) in the United States faced continued outflows, with Bitcoin prices staying below the $93,000 mark. Data from SoSoValue highlighted that 12 spot Bitcoin ETFs experienced a total outflow of $426.13 million, marking the second consecutive day of such withdrawals, which cumulatively reached $723.8 million.
Fidelity’s FBTC recorded the highest outflow with $154.64 million, followed by Grayscale’s GBTC, which saw $134.5 million withdrawn. Additional outflows included BlackRock’s IBIT with $36.52 million, Grayscale Bitcoin Mini Trust at $31.73 million, Bitwise’s BITB with $31.37 million, and ARK 21Shares’s ARKB at $26.4 million. Valkyrie’s BRRR registered a more modest outflow of $10.96 million. Notably, no inflows were reported across any BTC ETFs that day.
The collective daily trading volume of these 12 investment products reached $3.14 billion, a slight increase from the previous day’s $3.02 billion. These significant outflows occurred as Bitcoin failed to sustain its price above the critical $95,000 support level, raising concerns of a potential further decline, with risks of the price falling as low as $60,000. At the time of reporting, Bitcoin was valued at $92,458, down by 1%.
Similarly, nine spot Ethereum ETFs also saw a significant outflow on December 30, ending a four-day inflow streak that had brought $349.1 million into the funds. The outflows amounted to $55.41 million, led by Fidelity’s FETH with $20.41 million. Grayscale’s ETHE and mini Ethereum Trust faced outflows of $17.36 million and $13.75 million respectively, while Franklin Templeton’s EZET saw $3.88 million leave the fund.
The trading volume for these Ethereum investment vehicles stood at $336.26 million, a slight increase from the prior day’s $324.32 million. Despite December achieving over $2 billion in cumulative net inflows, Ether continued its downward trend, showing a 9% decrease on the monthly chart, trading at $3,353 at the time of reporting.
