Bitcoin ETFs are seeing tepid inflows, while Ether ETFs are rebounding strongly

Both Bitcoin and Ethereum spot exchange-traded funds recorded inflows on December 31, after a day of large outflows amid a broader market decline that saw both assets suffer heavy losses.

according to Data From SoSoValue The 12-point Bitcoin ETFs recorded a net inflow of $5.32 million on Tuesday, marking the end of a two-day string of outflows that saw more than $723 million leave the funds.

The majority of the inflows came into Fidelity’s FBTC, which saw $36.81 million enter the fund. BITB and Bitwise’s Grayscale Bitcoin Mini Trust contributed to the positive momentum with inflows of $8.68 million and $4.14 million, respectively.

These flows have been partially compensated Black RockIBIT which saw outflows for the second day in a row with $23.45 leaving the fund. ARK 21Shares’ ARKB and Grayscale’s GBTC recorded outflows of $11.23 million and $9.63 million, respectively. The remaining six BTC ETFs remained neutral on the day.

The total daily trading volume of these investment products was US$2.25 billion on December 31, significantly lower than the US$3.14 billion recorded the previous day.

At the time of publication Bitcoin (Bitcoin) increased by 1.1% during last day’s trading at $93,545 per coin.

Meanwhile, the nine Ethereum ETFs saw a strong rebound on December 31 $35.93 million Inflow into funds after the previous day’s total outflow $55.41 million.

Fidelity’s FETH led the fund’s inflows with $31.77 million, while Grayscale Ethereum Mini Trust recorded an inflow of $9.77 million.

Grayscale’s ETHE partially offset inflows with an outflow of $5.61 million, while the remaining ETFs recorded no activity for the day.

Ethereum (Ethereum) is down 0.5% over the past 24 hours at $3,337.