Bitcoin ETFs experience $475M inflow after $1.5B drop

U.S. Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) reported a significant turnaround on December 26, following a four-day streak of outflows that totaled over $1.5 billion. 

The day after Christmas, these ETFs collectively saw net inflows of $475.2 million, marking a notable recovery. 

The Fidelity Wise Origin Bitcoin Fund led the charge with inflows of $254.4 million, followed by the ARK 21Shares Bitcoin ETF, which attracted $186.9 million. 

BlackRock’s iShares Bitcoin Trust ETF (IBIT) also contributed with $56.5 million in inflows.

This positive trend comes after the ETFs faced substantial outflows from December 19 to December 24, during which they lost approximately $1.52 billion in total.

IBIT experienced its largest single-day outflow of $188.7 million on December 24, significantly surpassing its previous record of $72.7 million set just days earlier.

At the same time, Bitcoin's price fell by 2.2%, dropping from around $98,000 to just above $96,000.

In contrast to Bitcoin ETFs, Ether ETFs have seen consistent inflows, totaling $301.6 million over three consecutive trading days.

On December 26 alone, Ether funds attracted $117.2 million in net inflows, led again by Fidelity’s ETF with $83 million.

Despite the recent fluctuations, Bitcoin ETFs have achieved total net inflows of $35.9 billion since their inception in January and currently hold assets under management (AUM) of approximately $111.9 billion.

Ether ETFs have garnered $2.63 billion in net inflows this year, with an AUM around $12 billion.

As the year draws to a close, market analysts are closely observing these trends to gauge institutional interest in cryptocurrencies moving into 2025.

The recent inflow into Bitcoin ETFs could indicate renewed confidence among investors as they navigate the evolving landscape of digital assets amidst ongoing market volatility.

At the time of reporting, the Bitcoin price was $96,168.58, with a 1.9% change.