Bitcoin and Ethereum ETFs End 2024 With Mixed Flows
- U.S. spot Bitcoin ETFs hold $105.4 billion in BTC or 5.7% of its market cap.
- Ethereum ETFs saw net inflows, signaling renewed institutional interest, with $12.1 billion in net assets.
- BlackRock and Fidelity funds dominate the ETF landscape, while smaller funds show niche appeal.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) ended 2024 with mixed results, reflecting mixed investor sentiment amid market fluctuations.
-
Crypto Bitwise To Launch New ETF That Tracks Bitcoin-Rich Firms
-
Bitcoin (BTC) What Bitcoin ETFs Outshining Gold ETFs Means for Bitcoin’s Future vs Gold
-
Crypto Ethereum ETFs Bounce Back While Bitcoin ETFs Struggle With Continued Outflows
Bitcoin ETFs
According to SoSoValue data , Bitcoin ETFs experienced total net outflows of $5.3 million on Dec. 31.
The BTC ETF market displayed contrasting trends in inflows and outflows as of year-end.
BlackRock’s IBIT ETF, a dominant player, faced a single-day outflow of $23.5 million. However, it maintained a staggering $37.25 billion in cumulative inflows and a robust $51.72 billion in net assets, showcasing its widespread investor appeal despite daily fluctuations.
In contrast, Grayscale’s GBTC ETF continued to struggle, with cumulative outflows of $21.50 billion, overshadowing its $19.18 billion in net assets.
Fidelity’s FBTC ETF demonstrated resilience, attracting $36.8 million in single-day inflows, contributing to a cumulative inflow of $11.72 billion and positioning it among the leaders with $18.87 billion in net assets.
Meanwhile, Ark 21Shares’ ARKB ETF saw moderate activity, with $2.45 billion in cumulative inflows offset by a single-day outflow of $11.2 million, reflecting mixed investor sentiment.
Other funds, such as Bitwise’s BITB and Grayscale’s mini-trust (BTC), experienced varied results.
BITB added $8.68 million in daily inflows to reach $2.17 billion cumulatively, while Grayscale’s BTC achieved a positive $833.15 million in cumulative inflows, marking a bright spot with $3.56 billion in net assets.
Smaller ETFs like VanEck’s HODL and Valkyrie’s BRRR saw limited movement.
HODL maintained $790.6 million in cumulative inflows and $1.29 billion in net assets, while BRRR held steady at $514.2 million in inflows and $829.2 million in assets.
Ethereum ETFs
As per SoSoValue, Ethereum ETFs posted $35.9 million in total net inflows on Dec. 31, returning to positive figures after a one-day stop.
Institutional investors are slowly and steadily turning towards ETH funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
