BTC ETF Saw $338 Million Outflow on Christmas Eve?
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BTC ETF Saw $338 Million Outflow on Christmas Eve?
Spot Ethereum ETFs continue to attract investor interest.
Navigating Web3 tides with focused insightsArticle: Cryptoslate
Translation: Blockchain Knight
U.S. BTC ETFs have faced outflows for four consecutive days, culminating in a significant withdrawal on Christmas Eve.
According to SoSovalue data from December 24, ETFs recorded total outflows of $338.4 million on Christmas Eve.
BlackRock's iShares BTC ETF led the decline, with the largest single-day outflow reaching $188.7 million.
Fidelity's BTC ETF followed closely behind, seeing outflows of $83 million, while Ark and 21Shares' BTC ETF posted net outflows of $75 million.
Bitwise's BITB fund was the only ETF to record positive net inflows, adding $8.5 million. The remaining funds showed no activity that day.
Meanwhile, the outflows mark a sharp reversal after a series of consecutive positive flows.
Over the past four trading sessions, BTC ETFs have seen cumulative outflows exceeding $1.5 billion, representing the most significant pullback since Trump's return to the White House in November.
Despite this current trend, the cumulative inflows into BTC ETFs have reached $35.49 billion, holding digital assets worth $110 billion.
BTC ETFs have arguably struggled over recent days, but spot Ethereum ETFs continue to attract investor interest.
Data from SoSoValue shows that Ethereum-related investment products saw net inflows of $53.5 million, with BlackRock’s Ethereum fund leading by a wide margin with $43.9 million in inflows.
Bitwise’s Ethereum ETF received $6.2 million in inflows, while Fidelity’s Ethereum product added $3.45 million.
Since their launch in July, Ethereum ETFs—though initially underperforming compared to BTC ETFs—have recently rebounded strongly, highlighted by 18 consecutive days of inflows before gradually tapering off.
Analysts at Matrixport explained that these sustained inflows underscore Ethereum’s ongoing appeal among institutional investors and reinforce its status as a key digital asset within the crypto ecosystem.
As of December 24, the total inflows into Ethereum funds reached $2.51 billion.
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