Spot Bitcoin ETFs Suffer from $338M Outflows, Ether Funds Thrive
Spot Bitcoin ETF– U.S. spot Bitcoin exchange-traded funds (ETFs) have seen a fourth consecutive day of net outflows, extending the downtrend following a period of positive flows. On Tuesday, the 12 spot Bitcoin ETFs experienced a combined $338.4 million in outflows, bringing the total over the past four days to $1.52 billion.
Decline Follows Strong Inflows Earlier in December
The recent outflow streak contrasts sharply with the 15-day period leading up to December 18, during which spot Bitcoin ETFs attracted over $6.7 billion in net inflows. This reversal has raised concerns among market participants, although it is worth noting that ETF volumes remain high.
Biggest Outflows in BlackRock’s IBIT and Fidelity’s FBTC
Among the funds seeing the largest outflows, BlackRock’s IBIT ETF recorded approximately $188.7 million in net redemptions. Similarly, Fidelity’s FBTC saw $83 million exit the fund, and Ark and 21Shares’ ARKB ETF logged $75 million in outflows.
A Bright Spot: Bitwise’s BITB Records Inflows
Not all funds experienced outflows, however. Bitwise’s BITB ETF was the only one to report net inflows on Tuesday, adding $8.5 million. Meanwhile, seven other funds reported zero flows, and Franklin Templeton’s EZBC data was left unreported.
Spot Ether ETFs Buck the Trend with $53.5 Million in Inflows
While Bitcoin-focused ETFs have been struggling, the spot Ether ETFs saw positive movement. On Tuesday, they attracted $53.5 million in net inflows, led by BlackRock’s ETHA with $43.9 million, followed by Bitwise’s ether fund at $6.2 million, and Fidelity’s FETH with $3.45 million.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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