United States Bitcoin Exchange-traded funds (ETFs) have seen four straight days of withdrawals, ending with a significant one. Outflow on Christmas Eve.
data From SoSovalue on Dec. 24, ETFs saw total outflows of $338.4 million on Christmas Eve.
Black Rock iShares Bitcoin ETF It led to the decline and suffered its biggest one-day gross at $188.7 million. Fidelity Bitcoin ETF It was followed by a withdrawal of 83 million dollars Ark Bitcoin ETF and 21Shares It recorded a net outflow of $75 million.
BITB Bitwise The fund was the only ETF to record positive net inflows, adding $8.5 million. The rest of the funds had no activity during the day.
Meanwhile, outflows show a significant reversal after a long streak of positive flows. Over the past four trading days, bitcoin ETFs have seen a cumulative outflow of more than $1.5 billion, marking their most significant decline since the November election. Donald Trump to the white house
Despite the current trend, ETFs have a cumulative flow of $35.49 billion and hold $110 billion worth of digital assets.
Steady inflow for Ethereum
While Bitcoin ETFs have struggled over the past few days, Ethereum-focused spot ETFs have continued to attract investor interest.
Ethereum-related investment vehicles had net inflows of $53.5 million, SoSoValue data showed. Blackrock Ethereum Fund It leads with $43.9 million in admissions. Bitwise Ethereum ETF 6.2 million dollars in revenue, while Fidelity Ethereum product It added $3.45 million.
Ethereum funds have steadily gained market traction since their launch in July, despite their initial performance lagging behind bitcoin ETFs.
However, they have seen a resurgence recently, highlighted by a streak of inflows that fell 18 days in a row before declining.
Matrixport analysts explained that these steady inflows underline Ethereum's continued appeal among institutional investors and reinforce its status as a key digital asset in the crypto ecosystem.
Ethereum funds have a collective flow of $2.51 billion as of December 24.
