Bitcoin Spot ETF Outflows Reach $388M
Between December 23rd and December 27th, Bitcoin (BTC) spot ETFs experienced significant outflows totaling $388 million. However, FacebookTC (by Fidelity) stood out with an impressive weekly inflow of $183 million.
Time To Reassess
These fluctuations in inflows and outflows reflect the changing sentiment of investors during the Christmas to New Year period, highlighting the uneven performance of Bitcoin ETFs. Currently, the total net asset value of Bitcoin spot ETFs stands at $106.683 billion.
The recent withdrawals suggest that investors may be reassessing their positions amid market volatility, marking a shift compared to the inflows observed in previous weeks. Despite this trend, some ETFs like FBTC demonstrated resilience, continuing to attract capital during this period.
Ethereum ETFs Outperform Bitcoin ETFs
While Bitcoin ETFs experienced withdrawals, Ethereum spot ETFs saw positive movement, attracting a net inflow of $349 million last week. Leading this growth, ETHA (by BlackRock) garnered a weekly inflow of $182 million, followed closely by FESH (by Fidelity), which drew $160 million in inflows.
These gains indicate growing investor interest in Ethereum-based assets. In fact, Ethereum spot ETFs have now experienced multiple consecutive weeks of positive net flows, remaining robust. Even as Bitcoin ETFs contend with outflows, Ethereum continues to strengthen its appeal, attracting both institutional and retail investors alike.
Top News
13 hours ago
3 days ago
7 days ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.