Thomas Daniels
According to data from SoSoValue, inflows into spot Bitcoin exchange-traded funds (ETFs) surged by around 168% on December 12, surpassing $35 billion in net inflows for the first time. The inflows increased significantly from $223.03 million the day before to $597.57 million. This is the eleventh trading day in a row that net inflows have occurred, bringing the total for this run to $4.4 billion.
After a period of inactivity, BlackRock’s IBIT fund spearheaded the charge, drawing $431.6 million in a single day. Since IBIT’s founding, BlackRock, the biggest asset manager in the world, has generated cumulative net flows of $35.49 billion.
The second-highest inflows of the day were $110.76 million from Grayscale Bitcoin Mini Trust, followed by $61.45 million from Bitwise’s BITB and $30.54 million from Fidelity’s FBTC. ARK’s ARKB ($8.97 million) and WisdomTree ($2.65 million) also reported modest inflows.
However, with $48.4 million taken out on December 12, Grayscale’s flagship GBTC fund was the sole ETF to record net outflows. There were no notable changes in net flows reported by five other Bitcoin ETFs.
The total trading volume for Bitcoin ETFs fell to $3.15 billion from $3.97 billion the day before, despite the spike in inflows.
Bitcoin was trading at $99,985 at the time of posting, indicating a minor 0.7% decrease.
Additionally, spot Ethereum ETFs saw a significant increase in inflows, which on December 12 increased 168% to $273.67 million. With $202.31 million in inflows, BlackRock’s ETHA fund took the lead, followed by Grayscale Ethereum Mini Trust with $73.22 million. Smaller donations of $19.42 million and $1.55 million were recorded by Fidelity’s FETH and 21Shares, respectively.
Nevertheless, $22.83 million was taken out of Grayscale’s ETHE fund, bringing the firm’s total outflows to $3.52 billion. In spite of this, Ethereum ETF net inflows totaled $2.24 billion.
At the time of publishing, Ethereum was trading at $3,917 per coin, exhibiting little volatility and a 0.16% decrease.
