United States Bitcoin Exchange-Traded Funds (ETFs) See Net Inflows After Christmas
The United States Bitcoin exchange-traded funds (ETFs) witnessed a significant turn of events on December 26th, as they recorded net inflows. This development marked the end of a four-trading day run of outflows totaling over $1.5 billion.
Bitcoin ETFs Post-Christmas Inflows
According to CoinGlass data, the 11 Bitcoin ETFs combined saw net inflows amounting to $475.2 million on December 26th. The largest recipient of these flows was the Fidelity Wise Origin Bitcoin Fund, which took in a substantial $254.4 million.
Other notable recipients of these inflows included:
- ARK 21Shares Bitcoin ETF: $186.9 million
- BlackRock’s iShares Bitcoin Trust ETF (IBIT): $56.5 million
- Grayscale’s mini Bitcoin ETF: $7.2 million
- VanEck’s ETF: $2.7 million
This influx of funds into the Bitcoin ETFs marked a significant departure from the previous four trading days, which had seen total net outflows amounting to $1.52 billion.
Historical Context: All-Time High Inflows
To put these numbers into perspective, it is essential to consider the historical context. Since their inception in January 2023, the Bitcoin ETFs have witnessed a cumulative total of $35.9 billion in net inflows. This figure corresponds to an impressive total assets under management (AUM) of $111.9 billion.
Ether ETFs Join the Inflow Train
In related news, Ether ETH ETFs have also recorded significant inflows over the past few trading days. According to CoinGlass data, these funds have seen their third consecutive day of joint net inflows, totaling $301.6 million.
On December 26th specifically, Ether ETH ETFs recorded net inflows amounting to $117.2 million. The largest recipient of these flows was Fidelity’s ETF, which took in a substantial $83 million.
Other notable recipients of these inflows included:
- BlackRock’s iShares Ethereum Trust ETF: $28.2 million
- Grayscale’s ETH trust: $6 million
Historical Context: Ether ETFs
To put these numbers into perspective, it is essential to consider the historical context. Since their inception in January 2023, the Ether ETFs have witnessed a cumulative total of $2.63 billion in net inflows. This figure corresponds to an impressive AUM of around $12 billion.
Short-Term Trading Schedule
The crypto market’s enthusiasm for these funds is palpable, despite the current market conditions. Unlike their 24/7 counterparts, which track the assets’ prices in real-time, ETFs have only three trading days left this year – December 27th, 30th, and 31st.
Conclusion
In conclusion, the recent influx of funds into Bitcoin ETFs marks a significant turning point for these investment vehicles. With $35.9 billion in total net inflows since their inception and an impressive AUM of $111.9 billion, it is clear that investors are placing their trust in these funds.
Similarly, Ether ETFs have seen substantial inflows over the past few trading days, with a cumulative total of $2.63 billion in net inflows and an AUM of around $12 billion.
As the year comes to a close, it will be interesting to see how these funds continue to perform in the future. Whether they will maintain their momentum or face challenges remains to be seen.
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