Key Points
U.S. spot Bitcoin exchange-traded funds experienced a notable increase in trading volume on Dec. 5.
The volume reached $7.1 billion, marking a 50% increase from the previous day.
This surge occurred as the price of Bitcoin fell below $100,000.
Spot Bitcoin ETFs’ Performance
SoSoValue data reveals that the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5.
This extends their six-day streak to a total of over $2.7 billion.
BlackRock’s IBIT led the inflows for the fifth day in a row, collecting $770.51 million.
Other significant contributors included Grayscale Bitcoin Mini Trust with $95.35 million and Fidelity’s FBTC with $47.47 million.
ARK and 21Shares’ ARKB also contributed, albeit modestly, with $12.32 million.
However, not all ETFs followed the inflow trend.
Grayscale’s GBTC and Bitwise’s BITB saw outflows of $148.78 million and $10.22 million respectively, while the remaining ETFs had zero flows on the day.
The total trading volume for these ETFs rose significantly to $7.1 billion, over 50% higher than the $4.71 billion recorded the previous day.
This spike coincided with a sharp drop in Bitcoin’s (BTC) price, which fell over 10% from a record high of $103,607 on Dec. 5 to an intraday low of $92,980 on Dec. 6, before recovering slightly to over $98,000.
Record-breaking Inflows for Ether ETFs
Meanwhile, Ether ETFs have been on an impressive streak.
On Dec. 5, U.S.-listed spot Ether ETFs recorded a record aggregate inflow of $428.44 million, the largest single-day inflow since their launch on July 23.
This broke the previous record of $333.92 million set on Nov. 29.
The nine Ether ETFs have now posted nine consecutive days of net positive inflows, accumulating over $1.3 billion in the past two weeks.
BlackRock’s ETHA dominated the day’s inflows with a record $292.69 million, bringing its total to $2.64 billion.
Fidelity’s FETH added $113.61 million, while Grayscale Ethereum Mini Trust and Bitwise’s ETHW contributed $30.69 million and $6.58 million, respectively.
However, Grayscale’s ETHE saw outflows of $15.12 million.
This influx coincides with Ether’s (ETH) price rally.
The cryptocurrency reached an eight-month high of $3,946 on Dec. 5, representing a 14.5% gain over the past fortnight.
At the time of reporting, Ether was trading at $3,880.
