Bitcoin ETFs saw $338 million in outflows on Christmas Eve

we Bitcoin Exchange-traded funds (ETFs) faced four straight days of drawdowns, ending with notable results Outflows on Christmas Eve.

Data A December 24 SoSovalue report shows that ETFs saw recorded outflows of $338.4 million on Christmas Eve.

Black Rock iShares Bitcoin ETF It led the decline, as it suffered its largest single-day outflow of $188.7 million. Fidelity Bitcoin ETF Followed by withdrawals worth $83 million, while… Ark and 21Shares’ Bitcoin ETF It recorded net outflows of $75 million.

Bitwise’s BITB The fund was the only ETF to record positive net inflows, adding $8.5 million. The remaining funds did not witness any activity during the day.

Meanwhile, outflows represent a notable reversal after an extended series of positive flows. Over the past four trading days, Bitcoin ETFs have seen cumulative outflows of more than $1.5 billion, marking their largest decline since the November election returns. Donald Trump To the White House.

Despite the current trend, ETFs have a cumulative inflow of $35.49 billion and hold $110 billion worth of digital assets.

Fixed flows of Ethereum

While Bitcoin ETFs have struggled in the past few days, Ethereum-focused ETFs have continued to attract investor interest.

SoSoValue data showed that ETH-related investment vehicles generated net inflows of $53.5 million, with BlackRock’s Ethereum Fund Leading the way with inflows of $43.9 million. Bitwise’s Ethereum ETF It witnessed inflows worth $6.2 million, while Fidelity’s Ethereum product $3.45 million added.

Since their launch in July, Ethereum ETFs have gained steady momentum in the market despite their initial performance lagging behind Bitcoin ETFs.

However, it has recently seen a recovery, highlighted by a series of inflows that extended for 18 consecutive days before gradually tapering off.

Analysts at Matrixport explained that these continued inflows underscore Ethereum’s continued appeal among institutional investors and reinforce its position as a major digital asset in the cryptocurrency ecosystem.

Ethereum funds have a collective inflow of $2.51 billion as of December 24.

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