Spot Bitcoin ETFs and Ethereum ETFs traded in the United States experienced a resurgence in investor interest on December 26, with net inflows of $475.15 million and $117.09 million, respectively. This marks a reversal in recent trends, signaling renewed confidence in the crypto market.
After four consecutive days of outflows totaling over $1.5 billion, Bitcoin ETFs showed signs of recovery. Fidelity’s FBTC ETF led the day with a significant inflow of $254.37 million, followed by ARK 21Shares ARKB ETF with $186.94 million and BlackRock’s IBIT ETF with $56.51 million. Smaller inflows were recorded by Grayscale Bitcoin Mini Trust ($7.19 million) and VanEck HODL ETF ($2.7 million). Meanwhile, Grayscale GBTC ETF and Bitwise BITB ETF reported net outflows of $24.23 million and $8.32 million, respectively.
Total trading volume for Bitcoin ETFs remained stable at $2.13 billion, while Bitcoin’s price fell by 2.2%, settling at $95,996.
Ethereum ETFs: Sustaining Positive Momentum
Spot Ethereum ETFs continued their streak of positive inflows for the third consecutive day, attracting $117.09 million in total investments. Fidelity’s FETH ETF led with $82.96 million in inflows, while BlackRock’s ETHA ETF and Grayscale Ethereum Mini Trust contributed $28.18 million and $5.95 million, respectively. Six other Ethereum ETFs remained neutral in terms of net inflows.
Cumulatively, Ethereum ETFs have achieved net inflows of $2.63 billion, reflecting consistent investor confidence. Despite this, Ethereum’s price dropped by 1.9%, trading at $3,374 during the same period.
Conclusion
This renewed investor activity in Bitcoin and Ethereum ETFs underscores their resilience and potential as investment vehicles. Turkish NY Radio will continue to monitor these developments, providing in-depth insights into the evolving dynamics of the crypto market.