Bitcoin ETFs see strong rebound with $475.15m inflows

Spot Bitcoin exchange-traded funds in the United States recorded an inflow of $475.15 million on Dec. 26, ending its four day streak of outflows.

According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $475.15 million of inflows on Thursday following four straight days of outflows that saw over $1.5 billion leave the funds.

Fidelity’s FBTC led the lot with inflows of $254.37 million followed by ARK 21Shares’ ARKB which attracted $186.94 million in inflows.

BlackRock’s IBIT saw an inflow of $56.51 million while Grayscale Bitcoin Mini Trust and VanEck’s HODL also contributed to the positive momentum with more modest inflows of $7.19 million and $2.7 million respectively.

Some of the inflows on the day were offset by outflows from Grayscale’s GBTC and Bitwise’s BITB, which experienced withdrawals of $24.23 million and $8.32 million, respectively. The remaining five BTC ETFs recorded zero flows on the day.

The total trading volume for these investment products stood at $2.13 billion on Dec. 26 close to the $2.16 billion seen the previous day.

At press time, Bitcoin (BTC) was down 2.2% over the last 24 hours, exchanging hands at $95,996 per coin.

Ether ETF inflows hit 3-day streak

The nine spot Ethereum ETFs also had a positive day on Dec. 26, recording inflows of $117.09 million. This marked the third consecutive day of inflows, bringing the total over the three-day streak to more than $301 million.

The majority of inflows came into Fidelity’s FETH which saw $82.96 million enter the fund. BlackRock’s ETHA contributed to the postive momentum with inflows of $28.18 million while Grayscale Ethereum Mini Trust saw more modest inflows of $5.95 million respectively. The remaining six ETH ETFs remained neutral on the day.

These investment vehicles’ cumulative total net inflow stood at $2.63 billion. Ethereum (ETH) was down 1.9% over the past day, trading at $3,374 when writing.