Bitcoin ETFs Reverse Losing Streak With $475M of Inflows

Bitcoin (BTC) spot exchange-traded funds (ETFs) have stopped bleeding after four days of record outflows totaling over $1.5 billion.

On Dec. 26, BTC spot ETFs recorded $475 million in inflows, more than making up for the $338 million in outflows on Dec. 24, according to SoSoValue data. This figure represents a 73% increase from the most recent inflows of $275 million on Dec. 18.

Thursday’s inflows come as Bitcoin has fluctuated around the $100,000 mark over the past two weeks, repeatedly surpassing and then dipping below this milestone. Bitcoin is currently trading at around $94,000, a 2.5% drop over the last 24 hours and a 2.9% decline over the last week, according to CoinGecko.

This reversal in ETF flows underscores a renewed wave of optimism among investors, fueled by Bitcoin's resilience during recent market volatility and a period of significant outflows, including a record single-day sell-off of $672 million on Dec. 19.

BTC Inflows and Outflows

On Dec. 26, Fidelity’s FBTC attracted the largest inflows of approximately $254 million. ARK and 21Shares’ ARKB fund and BlackRock’s IBIT followed, recording $187 million and $56.5 million, respectively.

Notably, Bitwise’s BITB and Grayscale’s GBTC were the only ETFs to record outflows, losing around $8 million and $24 million, respectively.

ETH Continues Inflow Streak

Ethereum (ETH) spot ETFs recorded consistent inflows over the past three days, continuing their upward trend. On Dec. 26, ETH spot ETFs attracted approximately $117 million, a 118% increase from the $53.5 million recorded on Dec. 24.

Fidelity’s FETH fund attracted the most inflows on Dec. 26, totaling around $83 million. BlackRock’s ETHA fund and Grayscale’s ETH trailed with $28 million and $6 million, respectively.

ETH spot ETFs have enjoyed a strong streak of inflows since Nov. 22, interrupted only by two days of outflows on Dec. 19 and 20.