Key Points
- Bitcoin exchange-traded funds (ETFs) experienced a nearly 168% surge in inflows on Dec. 12, surpassing $35 billion for the first time.
- Ethereum ETFs also saw a significant increase in inflows, recording $273.67 million on the same day.
On December 12, Bitcoin ETFs witnessed a substantial inflow increase of nearly 168%.
This surge pushed the total net inflows for these investment products over the $35 billion mark for the first time, according to data from SoSoValue. Inflows into Bitcoin ETFs reached $597.57 million, a significant rise from the previous day’s $223.03 million.
Bitcoin ETFs Surge
This surge marked the 11th consecutive trading day of inflows, contributing over $4.4 billion to these investment products and pushing total net inflows into Bitcoin ETFs to $35.17 billion.
The majority of these inflows were directed towards BlackRock’s IBIT, which saw $431.6 million enter the fund following a day of no inflows. BlackRock, the world’s largest asset manager by net assets, has achieved a cumulative net flow of $35.49 billion since the fund’s inception.
The Grayscale Bitcoin Mini Trust recorded the second-highest inflows on Thursday, with $110.76 million entering the fund. Other contributions came from Bitwise’s BITB and Fidelity’s FBTC, which saw inflows of $61.45 million and $30.54 million, respectively. Funds from ARK and 21Shares’ ARKB and WisdomTree reported more modest inflows.
The Grayscale’s GBTC fund was the only outlier of the day, reporting $48.4 million in outflows. The remaining five Bitcoin ETFs maintained neutral positions with no net inflows or outflows.
The total trading volume for Bitcoin ETFs reached $3.15 billion on Dec. 12, lower than the $3.97 billion recorded the previous day. At the time of reporting, Bitcoin (BTC) was trading at $99,985 per coin, down 0.7%.
Ethereum ETFs Also See Inflows
Ethereum ETFs also experienced a surge in inflows on Dec. 12, recording $273.67 million, a significant 168% increase from the previous day’s $102.03 million.
BlackRock’s ETHA fund captured the majority of the inflows, attracting $202.31 million. The Grayscale Ethereum Mini Trust followed, bringing in $73.22 million. Fidelity’s FETH and 21Shares also contributed with inflows.
However, Grayscale’s ETHE fund reported $22.83 million in outflows on Dec. 12, increasing its total outflows since launch. As of the report, cumulative net inflows for Ethereum ETFs amounted to $2.24 billion. Ethereum (ETH) was trading sideways, priced at $3,917 per coin.
