SPOT BITCOIN ETF SPOT ETHEREUM ETF

US spot bitcoin ETFs continue net outflows, bleeding $340 million

theblock.co 25/12/2024 - 06:49 AM

U.S. Bitcoin ETFs Experience Continued Outflows

U.S. spot bitcoin exchange-traded funds (ETFs) recorded their fourth consecutive day of net outflows on Tuesday, extending their outflow streak to four days.

According to data from SoSoValue, the 12 ETFs saw a total of $338.4 million leave the funds yesterday. Over the past four days, these spot bitcoin funds reported a total of $1.52 billion in net outflows.

This outflow streak follows 15 consecutive days of positive flows leading up to December 18, which drew in over $6.7 billion.

BlackRock’s IBIT saw the largest volume of net outflows, worth around $188.7 million, followed by Fidelity’s FBTC, which experienced $83 million in exits. Ark and 21Shares’ ARKB also logged $75 million in net outflows.

The only fund to record net inflows on the day was Bitwise’s BITB, which added $8.5 million. Seven other funds experienced zero flows, while Franklin Templeton’s EZBC was left unreported.

The total trading volume for the 12 spot bitcoin ETFs was $2.16 billion on Tuesday, and their cumulative total net inflow stands at $35.5 billion.

Meanwhile, spot ether ETFs saw $53.5 million in net inflows on Tuesday. BlackRock’s ETHA led with inflows of $43.9 million, while Bitwise’s ether fund had inflows of $6.2 million and Fidelity’s FETH saw $3.45 million enter the fund.

The total trading volume for spot ether ETFs was $262 million on Tuesday, with their cumulative net inflows reaching $2.51 billion.

“One year ago, there were no spot crypto ETFs — a year later, this is now a $135 billion category, and we have combined spot BTC and ETH ETFs coming to market,” ETF Store President Nate Geraci recently wrote on X on Friday. “And that’s without a crypto-friendly SEC2025 could get wild.”




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