Bitcoin ETFs experience post-holiday rebound in inflows following brief four-day decline.

United States Bitcoin Exchange-Traded Funds (ETFs) See Net Inflows After Christmas

The United States Bitcoin exchange-traded funds (ETFs) witnessed a significant turn of events on December 26th, with net inflows totaling $475.2 million. This marked a reversal from the previous four trading days, which saw outflows exceeding $1.5 billion.

A Glance at the Inflow Data

The data compiled by CoinGlass reveals that:

• The Fidelity Wise Origin Bitcoin Fund was the largest beneficiary of these inflows, with net flows amounting to $254.4 million.
• The ARK 21Shares Bitcoin ETF followed closely, with net inflows of $186.9 million.
• BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded net inflows of $56.5 million.

Modest Inflows from Other ETFs

While the majority of the inflows were concentrated in the aforementioned funds, Grayscale’s mini Bitcoin ETF and VanEck’s ETF also saw more modest gains, with net inflows of $7.2 million and $2.7 million, respectively.

A Reversal in Net Outflows

The Christmas Day closure of US markets meant that these inflows followed four consecutive trading days of total net outflows from the ETFs between December 19th and 24th. The cumulative outflow over this period reached $1.52 billion.

Bitcoin Price Volatility

Coinciding with this shift in sentiment, Bitcoin’s price has dropped by 2.2% over the last day, sliding from around $98,000 to just above $96,000 at the time of writing.

Ether ETFs See Joint Net Inflows

In related news, Ether (ETH) ETFs have witnessed their third consecutive trading day of joint net inflows, totaling $301.6 million. On December 26th specifically, these funds netted $117.2 million, with Fidelity’s ETF taking the lead at $83 million.

Ether Price Performance

Despite this growth in interest, ETH remains down by 1.7% over the past day to under $3,400. Over the past two months, it has struggled to break new all-time highs, unlike its more prominent counterpart, Bitcoin.

A Brief Look Back at Crypto ETFs

As these funds approach their final trading days of the year (December 27th, 30th, and 31st), they have seen a remarkable influx of interest. In their inaugural year, the Bitcoin ETFs have recorded total net inflows of $35.9 billion with total assets under management (AUM) reaching $111.9 billion.

Ether ETFs’ Year-End Numbers

Meanwhile, Ether ETFs have taken in $2.63 billion in net inflows over the year and boast an AUM of around $12 billion.

Insights and Predictions

Thomas Fahrer’s "X Hall of Flame" article offers insights into the market, including a $500K Bitcoin prediction and concerns about spot Ether ETFs’ "staking issue."