The post Bitcoin ETFs see tepid Inflows, while Ether ETFs rebound strongly appeared on BitcoinEthereumNews.com.

Both spot Bitcoin and Ethereum exchange-traded funds recorded inflows on Dec. 31, following a day of significant outflows amid a broader market downturn that saw both assets experience heavy losses. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged a net inflow of $5.32 million on Tuesday marking an end to its 2-day outflow streak that saw over $723 million leave the funds. The majority of inflows came into Fidelity’s FBTC which saw $36.81 million enter the fund. Bitwise’s BITB and Grayscale Bitcoin Mini Trust contributed to the positive momentum with inflows of $8.68 million and $4.14 million respectively.  These inflows were partly offset by BlackRock’s IBIT which saw outflows for the second consecutive day with $23.45 exiting the fund. ARK 21Shares’s ARKB and Grayscale’s GBTC logged outflows of $11.23 million and $9.63 million respectively. The remaining six BTC ETFs remained neutral on the day. The daily total trading volume for these investment products stood at $2.25 billion on Dec. 31 significantly lower than the $3.14 billion recorded the previous day.  At press time Bitcoin (BTC) was up 1.1% over the past day exchanging hands at $93,545 per coin. Meanwhile, the nine spot Ethereum ETFs experienced a strong rebound on Dec. 31, with $35.93 million flowing into the funds after a previous day of outflows totaling $55.41 million. Fidelity’s FETH led the day’s inflows with $31.77 million entering the fund, while the Grayscale Ethereum Mini Trust recorded an inflow of $9.77 million. Grayscale’s ETHE partially offset the inflows with an outflow of $5.61 million, while the remaining Ether ETFs recorded no activity for the day. Ethereum (ETH) was down 0.5% over the past 24 hours trading at $3,337. Source: https://crypto.news/bitcoin-etfs-see-tepid-inflows-while-ether-etfs-rebound-strongly/

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Filed under: News - @ January 1, 2025 7:07 am