Bitcoin ETFs see strong rebound with $475.15m inflows

Spot Bitcoin exchange-traded funds in the United States received $475.15 million on December 26, breaking a four-day skid of outflows.

According to SoSoValue statistics, the top 12 Bitcoin ETFs saw $475.15 million in inflows on Thursday, following four days of withdrawals totaling more than $1.5 billion.

Fidelity’s FBTC led the way with $254.37 million in inflows, followed by ARK 21Shares’ ARKB, which received $186.94 million in inflows.

BlackRock’s IBIT received $56.51 million in inflows, while Greyscale Bitcoin Mini Trust and VanEck’s HODL received $7.19 million and $2.7 million, respectively, to support the bullish momentum. 

Some of the daily inflows were countered by withdrawals from Grayscale’s GBTC and Bitwise’s BITB, which totaled $24.23 million and $8.32 million, respectively. The remaining five BTC ETFs saw no flows on the day.

On December 26, the total trading volume for these investment products was $2.13 billion, similar to the $2.16 billion observed the day before.

At press time, Bitcoin btc-2.97% was trading at $95,996 per coin, down 2.2% in the previous 24 hours. 

Ether ETF inflows hit a 3-day streak

On December 26, the nine Ethereum ETFs had a positive day, with inflows totaling $117.09 million. This was the third consecutive day of inflows, bringing the total over the three days to more than $301 million.

Most inflows went into Fidelity’s FETH, which received $82.96 million. BlackRock’s ETHA contributed to the bullish momentum with inflows of $28.18 million, while Greyscale Ethereum Mini Trust received a more modest $5.95 million. The remaining six ETH ETFs remained neutral for the day. The combined net inflow for these investment vehicles was $2.63 billion. Ethereum -2.87% Ethereum fell 1.9% in the past day, trading at $3,374 as of this writing.