The United States Bitcoin exchange-traded funds (ETFs) witnessed a significant shift in investor sentiment on December 26, with net inflows exceeding $475.2 million. This positive trend came after a four-trading day run of outflows totaling more than $1.5 billion.
Led by Fidelity Wise Origin Bitcoin Fund
The Fidelity Wise Origin Bitcoin Fund led the pack with $254.4 million worth of flows into the fund, as per CoinGlass data. The ARK 21Shares Bitcoin ETF followed closely with $186.9 million in inflows, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) took in $56.5 million.
Grayscale and VanEck’s Modest Inflows
Grayscale’s mini Bitcoin ETF and VanEck’s ETF also experienced more modest inflows of $7.2 million and $2.7 million, respectively.
A Brief History of US Markets
US markets closed on December 25 for Christmas Day, resulting in a four-day run of outflows from the ETFs between December 19 and December 24. The total net outflows during this period totaled $1.52 billion.
IBIT’s Record-Breaking Net Outflow
Interestingly, IBIT saw its largest-ever single-day net outflow on December 24, amounting to $188.7 million. This figure more than doubled the previous record of $72.7 million set on December 20.
Market Sentiment and Price Action
Bitcoin (BTC) has dropped by 2.2% over the last day, falling from around $98,000 to just above $96,000 at the time of writing. CoinGlass data indicates that Ether (ETH) ETFs have seen their third consecutive trading day of joint net inflows totaling $301.6 million.
Ether’s Stagnant Price Action
ETH has lagged behind Bitcoin over the past two months, failing to crack a new all-time high. Unlike the 24-hour, never-off assets that the crypto ETFs track, the funds have only three days left of trading this year — December 27, 30, and 31.
Year-End Review: Bitcoin and Ether ETFs
The inaugural year for the Bitcoin ETFs has seen total net inflows of $35.9 billion with total assets under management (AUM) of $111.9 billion. Meanwhile, Ether ETFs have taken in $2.63 billion in net inflows over the year and have an AUM of around $12 billion.
Cryptocurrency Market Outlook
The cryptocurrency market has experienced significant price fluctuations over the past few months. Bitcoin’s failure to maintain its all-time high has been a concern for investors, while Ether’s stagnant price action has raised eyebrows.
Related Topics: 3 Coins Back from the Dead in 2024 that May Continue to Rise in ’25
In related news, three coins have shown significant potential and may continue to rise in value in 2025. These include:
- BTC: The market leader has experienced a slight dip but remains a top contender for investment.
- ETH: Despite lagging behind Bitcoin, ETH still holds significant value and may be worth considering for investors.
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