On December 26, Bitcoin ETF net inflows for December 2024 reached $475.2 million in the United States, signalling revived investor interest. This was the conclusion of a four-day string of outflows associated with Bitcoin. The inflows came after withdrawals totalling $1.52 billion between December 19 and December 24, including a record-breaking outflow of $188.7 million for a single day in BlackRock’s iShares Bitcoin Trust ETF (IBIT) on December 24. The Wise Origin Bitcoin Fund offered by Fidelity led the rebound with inflows of $254.4 million, while the Bitcoin Exchange-Traded Fund offered by ARK 21Shares received $186.9 million.
Bitcoin ETFs Surge Ahead
Grayscale received $7.2M, VanEck $2.7M, and BlackRock IBIT $56.5M. BTC rose after a 2.2% 24-hour dip below $97,000.Bitcoin and Ether ETFs raised $301.6M in 3 days. To its iShares Ethereum Trust ETF, Fidelity donated $83 million, Grayscale $6 million, and BlackRock $28.2 million on December 26. Ether fell 1.7% to $3,400 below Bitcoin, its lowest in months.
The first-year Bitcoin ETF net inflows were $35.9 billion and AUM $111.9 billion. Ether ETFs have $12 billion AUM and $2.63 billion net Inflows. Vivek Ramaswamy’s Strive asset management created a Bitcoin-linked convertible bond ETF with Bitwise’s Bitcoin Standard Corporations ETF after inflows.
Digital Asset Shifts
This week, digital asset purchases gained a net of $308 million. However, a withdrawal of $576 million occurred on December 19. The last two days of the week saw a loss of $1 billion. The main reason was the market’s reaction to the Federal Reserve’s “hawkish dot plot” statement. Because of these changes, Btcnewz found that the total amount of money managed for digital asset ETPs dropped by $17.7 billion.
This is the same as AuM, which went down by 0.37%. Even though this exit is scary, it’s not as bad as the biggest loss in one day, 2.3%, in the middle of 2022 after the FOMC raised interest rates. These types of financial goods lost the most money, with a loss of $121 million. But BTC went up $375 million over the week. As of today, $51 million came in for Ethereum, and $8.7 million went out for Solana. However, altcoins such as XRP, Horizen, and Polkadot continue to show visible numbers.
Also Read: Bitcoin December Surge Could Drive Year-End Gains in 2024
Summary
U.S. exchange-traded funds (ETFs) saw a net inflow of $475.2 million on December 26, reversing a four-day outflow of $1.52 billion, including a record $188.7 million for BlackRock’s iShares Bitcoin Trust ETF. Fidelity’s Wise Origin Bitcoin Fund led the rebound with $254.4 million, followed by ARK 21Shares’ Bitcoin ETF with $186.9 million. Ethereum ETFs gained $301.6 million in three days, with Fidelity’s Ethereum ETF gaining $83 million and BlackRock’s iShares Ethereum Trust ETF adding $28.2 million. Bitcoin ETFs had $35.9 billion in net inflows and $111.9 billion in AUM at year-end.
The Ethereum ETFs hold $12 billion and $2.63 billion, respectively. Bitwise announced the Bitcoin Standard Corporations ETF, while Vivek Ramaswamy’s Strive filed for a Bitcoin-linked convertible bond ETF. Digital asset funds gained $308 million this week despite huge withdrawals on December 19 and market instability due to the Federal Reserve’s hawkish attitude. Btcnewz AUM fell 0.37%, or $17.7 billion. Bitcoin gained $375 million, Ethereum $51 million, and Solana lost $8.7 million. Despite market volatility, XRP, Horizen, and Polkadot saw inflows.
