Key Points
- US Bitcoin ETFs saw 10 consecutive days of inflows, with $223.03 million entering on Dec. 11.
- Ethereum ETFs experienced a slowdown in net inflows on the same day, recording $102.03 million.
Bitcoin exchange-traded funds (ETFs) in the United States marked their tenth straight day of inflows on December 11. The day saw $223.03 million entering these funds as Bitcoin’s value surged beyond the $100,000 mark.
Significant Inflows for Bitcoin ETFs
SoSoValue data reveals that most of the inflows on December 11 were directed to Fidelity’s FBTC. The fund received $121.9 million in new investments, extending its inflow streak to ten days. ARK and 21Shares’ ARKB fund and Grayscale’s GBTC also received substantial inflows, with $52.67 million and $20.13 million, respectively.
Smaller inflows were seen by Grayscale Bitcoin Mini Trust, Biwise’s BITB, and VanEck’s HODL funds, which received $15.74 million, $12.16 million, and $2.87 million, respectively. Valkyrie’s BRRR fund was the only one to report outflows, with a reported loss of $2.44 million on the day.
Other Bitcoin ETFs, including BlackRock’s IBIT, remained neutral on December 11. The total trading volume for Bitcoin investment products stood at $3.94 billion, slightly lower than the $3.97 billion recorded the previous day. The total net inflows into the 12 Bitcoin ETFs amounted to $34.58 billion.
Ethereum ETFs See Slowdown in Inflows
Spot Ethereum ETFs experienced a drop in net inflows on December 11, recording $102.03 million, a significant 66% decrease from the previous day’s $305.74 million.
SoSoValue data shows that BlackRock’s ETHA fund attracted the majority of inflows, with $74.16 million entering the fund. Grayscale Ethereum Mini Trust followed, with inflows of $13.38 million. Other contributors included Biwise’s ETHW, VanEck’s ETHV, and Franklin Templeton’s EZET, which saw inflows of $8.23 million, $5.6 million, and $2.91 million, respectively.
Grayscale’s ETHE fund reported outflows of $2.26 million on December 11. The total net inflows for Ethereum ETFs stood at $1.97 billion at the time of reporting.
Both Bitcoin and Ethereum experienced a rise in their trading prices. At the time of reporting, Bitcoin was trading at $100,769 per coin, an increase of 3.3% over the past 24 hours. Ethereum was trading at $3,916 per coin, up 7.2% over the past day. The broader cryptocurrency market also followed an upward trend, with the total market capitalization rising 3.7% to $3.81 trillion.
