Bitcoin spot ETFs saw a sharp reversal in their flows, losing more than $1.5 billion in a streak of four consecutive days of outflows. This marks the largest run of outflows since the re-election of Donald Trump, which had previously boosted the market.
On December 24, Bitcoin spot ETFs reported a negative daily net flow of $338 million, according to data from SoSoValue.
BlackRock leads the exits with its IBIT
Among the 12 funds evaluated, the IBIT BlackRock led the day’s losses with $188 million in outflows, followed by FBTC from Fidelity with US$83.16 million and the ARKB from ARK Invest with US$75.02 million.
The only fund that recorded a positive net flow was the BITB from Bitwise, with US$8.50 million. On the other hand, the funds GBTC from Grayscale, HODL by VanEck, BRRR of Valkyrie and BTCW of WisdomTree remained stable, without significant flows.
Despite the net outflows, total assets in spot Bitcoin ETFs remained at $107.53 billion, supported by positive price performance, with daily gains of up to 6.5%. The four-day streak reduced accumulated net flows to $35.68 billion as of December 24.
Total assets fall
Total net assets fell from their peak of $121.7 billion on December 16. During this period, the funds suffered their largest daily outflow on record: $680 million on December 19.
Ethereum presents significant inflows
Meanwhile, Ethereum spot ETFs recorded net inflows of $130.76 million on December 23, bringing cumulative flows to $2.46 billion. Total net assets in Ethereum ETFs reached $12.05 billion, representing 3% of Ethereum’s market capitalization. The total value negotiated that day was US$494.25 million.
Among the featured ETFs, the ETHA BlackRock’s led with daily net inflows of $89.51 million, increasing its total assets to $3.51 billion. He FETH Fidelity also recorded a strong positive flow of $46.37 million, bringing its assets to $1.46 billion. By contrast, Grayscale’s ETH fund faced daily outflows of $6.09 million, although its assets remained at $1.61 billion.
Source: Ambito
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