Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their tenth consecutive day of inflows on December 11, with $223.03 million pouring into the funds as Bitcoin surged above $100,000.
Data from SoSoValue revealed that the majority of the inflows on December 11 were directed to Fidelity’s FBTC, which saw $121.9 million in new investments, extending its inflow streak. Other notable contributors included ARK and 21Shares’ ARKB fund, which attracted $52.67 million, and Grayscale’s GBTC, with $20.13 million in inflows.
Several other funds, such as Grayscale Bitcoin Mini Trust, Biwise’s BITB, and VanEck’s HODL, saw more modest contributions of $15.74 million, $12.16 million, and $2.87 million, respectively. However, Valkyrie’s BRRR fund experienced outflows of $2.44 million.
BlackRock’s IBIT fund, which has seen inflows of $35.06 billion since its launch, remained neutral on December 11. Overall, the total trading volume for Bitcoin investment products was recorded at $3.94 billion, a slight dip from the previous day’s $3.97 billion. Net inflows into the 12 Bitcoin ETFs amounted to $34.58 billion.
These inflows align with Bitcoin’s recent price rally, which saw the cryptocurrency break the $100,000 barrier, peaking at approximately $102,000. The surge followed positive U.S. inflation data, which raised hopes of a potential interest rate cut by the Federal Reserve. As of the latest report, Bitcoin was trading at $100,769, up 3.3% in the past 24 hours.
Ether ETF Inflows Slow Amidst Broader Crypto Market Gains
In contrast, Spot Ethereum ETFs experienced a notable slowdown in inflows on December 11, recording $102.03 million, a significant 66% drop from the previous day’s $305.74 million.
BlackRock’s ETHA fund led the way, attracting $74.16 million, while Grayscale’s Ethereum Mini Trust followed with $13.38 million in inflows. Other funds, including Biwise’s ETHW, VanEck’s ETHV, and Franklin Templeton’s EZET, received smaller investments of $8.23 million, $5.6 million, and $2.91 million, respectively. However, Grayscale’s ETHE fund reported outflows of $2.26 million, bringing its total outflows since launch to $3.5 billion.
The cumulative net inflows for Ethereum ETFs stood at $1.97 billion at the time of reporting. Ethereum itself saw a 7.2% price increase, trading at $3,916 per coin. The broader cryptocurrency market also gained, with total market capitalization rising 3.7% to $3.81 trillion.
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