Key Points
- U.S. spot bitcoin ETFs experienced $338.4 million in net outflows on Tuesday, marking their fourth consecutive day of negative flows and bringing the total outflow to $1.52 billion over this period.
- Despite the recent outflows, the cumulative total net inflow for bitcoin ETFs remains strong at $35.5 billion, while spot ether ETFs continue to see positive momentum with $53.5 million in net inflows.
Bitcoin ETF Outflow Trend
Data from SoSoValue shows that BlackRock’s IBIT led the outflow trend with $188.7 million leaving the fund, followed by Fidelity’s FBTC with $83 million and Ark and 21Shares’ ARKB with $75 million in outflows. This marks a significant shift from the previous 15-day period leading up to December 18, during which these funds attracted over $6.7 billion in inflows. Bitwise’s BITB stood as the sole fund recording positive flows, adding $8.5 million, while seven other funds reported no movement.
Trading Volume and Cumulative Performance
Despite the recent outflows, the market maintained substantial activity with the 12 spot bitcoin ETFs recording a total trading volume of $2.16 billion on Tuesday. The overall health of the sector remains robust, with cumulative total net inflows standing at $35.5 billion since inception.
Ether ETF Market Shows Resilience
In contrast to the bitcoin ETF market, spot ether ETFs demonstrated continued growth with $53.5 million in net inflows on Tuesday. BlackRock’s ETHA dominated the positive flows with $43.9 million, while Bitwise and Fidelity’s ether funds added $6.2 million and $3.45 million respectively. The ether ETF market recorded a total trading volume of $262 million, with cumulative net inflows reaching $2.51 billion.
