By Nermeen Nabil Khear 
US spot Bitcoin and Ethereum ETFs are seeing varied market performance, signaling divergent investors’ interest in the top digital assets.
On Dec. 23, Bitcoin ETFs recorded their third straight day of outflows, totaling $226.5 million as investors adjusted their portfolios ahead of the festive period. The BTC ETFs have seen net outflows of more than $1 billion during this period.
Fidelity’s FBTC led the declines, losing $146 million. Grayscale’s Bitcoin Trust followed with $38.4 million in outflows, while Invesco’s BTCO saw $25.7 million in withdrawals. Bitwise’s BITB and ARK Invest & 21Shares’ ARKB reported combined outflows of $39.6 million.
However, BlackRock’s IBIT ETF stood out against the downward trend, attracting $31.6 million in inflows.
Despite the recent sell-offs, Bitcoin ETFs have netted $35.83 billion in inflows since their launch. The funds now hold 5.7% of Bitcoin’s total supply, valued at $105.08 billion, according to SoSoValue data.
Ethereum ETFs surge
Ethereum ETFs painted a more optimistic picture, securing $130.8 million in inflows.
BlackRock’s ETHA led the way, with inflows reaching $89.5 million. It was followed by Fidelity’s FETH fund, which added $46.4 million in inflows, while Bitwise’s ETHW recorded modest gains of approximately $1 million.
However, other Ethereum ETFs saw minimal movement, except for Grayscale’s Ethereum Mini Trust, which experienced a $6.1 million outflow.
Despite this, Ethereum ETFs have collectively amassed over $2.46 billion in inflows since launch.
The post Bitcoin ETFs record over $1 billion outflows ahead of Christmas, contrasting Ethereum’s inflow surge appeared first on CryptoSlate.
US spot Bitcoin and Ethereum ETFs are seeing varied market performance, signaling divergent investors’ interest in the top digital assets. On Dec. 23, Bitcoin ETFs recorded their third straight day of outflows, totaling $226.5 million as investors adjusted their portfolios ahead of the festive period. The BTC ETFs have seen net outflows of more than
The post Bitcoin ETFs record over $1 billion outflows ahead of Christmas, contrasting Ethereum’s inflow surge appeared first on CryptoSlate.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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