CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2024-12-27 07:19:37

Bitcoin ETFs see strong rebound with $475.15m inflows

Spot Bitcoin exchange-traded funds in the United States recorded an inflow of $475.15 million on Dec. 26, ending its four day streak of outflows. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $475.15 million of inflows on Thursday following four straight days of outflows that saw over $1.5 billion leave the funds. Fidelity’s FBTC led the lot with inflows of $254.37 million followed by ARK 21Shares’ ARKB which attracted $186.94 million in inflows. BlackRock ’s IBIT saw an inflow of $56.51 million while Grayscale Bitcoin Mini Trust and VanEck’s HODL also contributed to the positive momentum with more modest inflows of $7.19 million and $2.7 million respectively. Some of the inflows on the day were offset by outflows from Grayscale’s GBTC and Bitwise’s BITB, which experienced withdrawals of $24.23 million and $8.32 million, respectively. The remaining five BTC ETFs recorded zero flows on the day. The total trading volume for these investment products stood at $2.13 billion on Dec. 26 close to the $2.16 billion seen the previous day. At press time, Bitcoin ( BTC ) was down 2.2% over the last 24 hours, exchanging hands at $95,996 per coin. You might also like: Bitcoin’s X popularity grew 65% YoY in 2024 Ether ETF inflows hit 3-day streak The nine spot Ethereum ETFs also had a positive day on Dec. 26, recording inflows of $117.09 million . This marked the third consecutive day of inflows, bringing the total over the three-day streak to more than $301 million. The majority of inflows came into Fidelity’s FETH which saw $82.96 million enter the fund. BlackRock’s ETHA contributed to the postive momentum with inflows of $28.18 million while Grayscale Ethereum Mini Trust saw more modest inflows of $5.95 million respectively. The remaining six ETH ETFs remained neutral on the day. These investment vehicles’ cumulative total net inflow stood at $2.63 billion. Ethereum ( ETH ) was down 1.9% over the past day, trading at $3,374 when writing. Read more: Ethereum price drops as MVRV and active addresses ratio rise

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.