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crypto.news 2024-12-11 07:20:22

Bitcoin ETFs record $439.5m inflows as total net inflows surpass $34b

Spot Bitcoin exchange-traded funds in the United States recorded their ninth consecutive day of inflows on Dec. 10, with total net inflows into these investment products surpassing $34 billion. According to data from SoSoValue, the 12 spot Bitcoin ETFs attracted $439.56 million in inflows on Tuesday, extending their streak to nine days. Over this period, more than $4 billion has entered these funds. BlackRock’s IBIT led the pack, receiving $295.63 million and dominating the inflows for the eighth straight day. Fidelity’s FBTC followed with $210.48 million, while ARK 21Shares’ ARKB, Grayscale Bitcoin Mini Trust, and Hashdex’s DEFI added $5.77 million, $6.42 million, and $1.1 million, respectively, contributing to the positive momentum. However, these inflows were partially offset by outflows from Grayscale’s GBTC amounting to $62.82 million, Invesco’s BTCO with $11.56 million, and VanEck’s HODL with $5.45 million. The remaining four BTC ETFs saw zero flows on the day. The latest inflows pushed the cumulative total net inflows for these funds past the $34 billion milestone for the first time. The total trading volume for the 12 Bitcoin ETFs on Dec. 10 stood at $3.78 billion, lower than the $4.35 billion recorded the previous day. At the time of writing, Bitcoin ( BTC ) was trading sideways, hovering just 2.5% below the $100,000 mark. You might also like: Billionaire Ray Dalio supports Bitcoin and Gold over debt assets Ether ETFs see 100% spike in inflows Spot Ethereum ETFs also experienced significant activity, recording $305.74 million in net inflows on Dec. 10—a surge of over 100% from the $149.79 million recorded the previous day—marking it as the third-highest inflow day on record. The two largest days for Ethereum ETF inflows were Dec. 5 and Nov. 29, with $428.44 million and $332.92 million, respectively. Fidelity’s FETH led Ethereum ETF inflows, attracting $202.23 million, followed by BlackRock’s ETHA with $81.66 million and Grayscale Ethereum Mini Trust with $25.84 million. Grayscale’s ETHE was the only fund reporting outflows, with $3.99 million exiting the fund. Since its launch, ETHE has recorded total outflows of $3.5 billion. As of this writing, cumulative total net inflows for Ethereum ETFs stood at $1.87 billion. Ethereum ( ETH ) was down 1.2% over the past day, trading at $3,658 per coin. Read more: Bitcoin, Ethereum whales likely to trigger retail FOMO ahead of macro events

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