In the wake of the Christmas holiday, U.S. spot Bitcoin exchange-traded funds (ETFs) have experienced net inflows, reversing a four-day trend of outflows that amounted to over $1.5 billion. On December 26, these ETFs collectively saw inflows of $475.2 million. The Fidelity Wise Origin Bitcoin Fund led with inflows of $254.4 million, followed by the ARK 21Shares Bitcoin ETF with $186.9 million, and BlackRock’s iShares Bitcoin Trust ETF with $56.5 million. Grayscale and VanEck’s ETFs also received inflows of $7.2 million and $2.7 million, respectively.
These gains come after the markets closed on December 25 for Christmas, following four consecutive trading days from December 19 to December 24 during which Bitcoin ETFs saw total net outflows of $1.52 billion. December 24 marked the largest single-day net outflow for BlackRock’s IBIT, totaling $188.7 million, more than doubling its previous high set on December 20.
Meanwhile, Bitcoin’s price has seen a 2.2% decline over the past day, dropping from around $98,000 to just above $96,000. Ether ETFs have seen consistent performance, marking their third consecutive day of net inflows totaling $301.6 million, with $117.2 million flowing in on December 26 alone. Fidelity’s ETH fund led with $83 million, while BlackRock’s iShares Ethereum Trust ETF and Grayscale’s ETH trust saw inflows of $28.2 million and $6 million, respectively. Despite a 1.7% decline in ETH’s price to below $3,400, the cryptocurrency has lagged in reaching new highs compared to Bitcoin over the past two months.
In their debut year, Bitcoin ETFs have accumulated total net inflows of $35.94 billion, managing assets worth $111.87 billion. Meanwhile, Ether ETFs have gathered $2.63 billion in net inflows, with assets under management totaling about $12 billion. With only three trading days left in the year, these developments highlight ongoing shifts in the cryptocurrency ETF landscape.
