Bitcoin ETFs attract $439M daily inflows amid market decline

Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) have demonstrated remarkable resilience, attracting daily inflows of $439 million despite a broader market downturn. 

This marks the ninth consecutive day of positive inflows for Bitcoin ETFs, highlighting strong investor confidence in these financial products.

On December 10, BlackRock’s spot Bitcoin ETF, IBIT, led the inflow surge with $295.63 million, followed closely by Fidelity’s FBTC, which brought in $210.48 million. 

According to data from SoSoValue, the total net assets of U.S. spot Bitcoin ETFs have now surpassed $107.76 billion, accounting for 5.65% of Bitcoin’s total market capitalisation.

Despite this bullish momentum in the ETF market, the overall cryptocurrency market faced significant challenges. 

Liquidations exceeded $2.5 billion over a three-day period as Bitcoin struggled to maintain its position above the $100,000 mark. 

On December 9 alone, approximately $1.7 billion in liquidations occurred as Bitcoin's price dipped to around $97,000 after briefly reaching the $100,000 milestone.

The sell-off affected major altcoins like XRP (CRYPTO:XRP) and Solana (CRYPTO:SOL), which mirrored Bitcoin's losses.

However, as of the latest updates, Bitcoin has rebounded and is trading around $100,555, reflecting a 5.06% increase over the past 24 hours.

This recovery could help solidify Bitcoin's position in institutional portfolios if it manages to stay above the critical $100,000 threshold.

In November alone, Bitcoin ETFs recorded an impressive $6.1 billion in inflows—the highest monthly influx since their launch—while December inflows are already nearing $4 billion.

Ethereum (CRYPTO:ETH) ETFs also saw significant activity with daily inflows exceeding $305 million on December 10.

At the time of reporting, the Bitcoin price was $101,337.