In the wake of the holiday season, Bitcoin exchange-traded funds (ETFs) in the United States experienced a notable uptick in net inflows on December 26, following an extended period of outflows. The two-day total of these inflows was approximately $475.2 million, marking a sharp recovery from the previous four trading days, during which outflows exceeded $1.5 billion.
Leading the charge was the Fidelity Wise Origin Bitcoin Fund, which attracted $254.4 million. Close behind, the ARK 21Shares Bitcoin ETF garnered $186.9 million in new investments, while BlackRock’s iShares Bitcoin Trust ETF received $56.5 million. Additional modest contributions came from Grayscale’s mini Bitcoin ETF and VanEck’s ETF, with inflows of $7.2 million and $2.7 million, respectively.
Prior to this rebound, the market had closed on December 25 for Christmas, meaning the significant inflows were a reaction to the preceding four-day downturn. Notably, on December 24, the iShares Bitcoin Trust faced an unprecedented single-day outflow of $188.7 million, nearly tripling its previous high of $72.7 million from December 20. Despite this internal turmoil, Bitcoin itself saw a decline of 2.2% on the same day, slipping from approximately $98,000 to just above $96,000.
On the Ether (ETH) front, ETFs also displayed positive momentum, achieving their third consecutive day of net inflows. The total for this period reached $301.6 million, with December 26 alone seeing net inflows of $117.2 million, primarily driven by Fidelity’s fund, which brought in $83 million. Meanwhile, BlackRock’s iShares Ethereum Trust and Grayscale’s ETH trust attracted $28.2 million and $6 million, respectively.
As the year draws to a close, the Bitcoin ETFs report a total of $35.94 billion in net inflows for 2023, representing assets under management (AUM) of $111.87 billion. Ether ETFs, on the other hand, have recorded $2.63 billion in net inflows, with an AUM nearing $12 billion.
