Wednesday, December 31

Journalist

Hassan Shittu

Journalist

Hassan Shittu

Part of the Team Since

Jun 2023

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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U.S. spot Bitcoin exchange-traded funds recorded a sharp reversal on December 30, pulling in $355 million in net inflows and ending a seven-day stretch of persistent capital withdrawals.

The move marked the strongest daily inflow since mid-December and came after nearly two weeks in which ETF investors steadily reduced exposure as prices softened and year-end liquidity thinned.

Sosovalue data shows that the rebound was led by BlackRock’s iShares Bitcoin Trust, which attracted $143.75 million in fresh capital on the day.

BTC Spot ETF Source: Sosovalue

ARK Invest and 21Shares’ ARKB followed with $109.56 million, while Fidelity’s Wise Origin Bitcoin Fund added $78.59 million.

Smaller but still positive contributions came from Bitwise, VanEck, and Grayscale’s legacy Bitcoin Trust.

The turnaround followed a difficult run in which spot Bitcoin ETFs lost about $1.12 billion over seven trading days, including a heavy $275.9 million outflow on December 26, which stood out as the most aggressive selling session of the period.

Bitcoin ETFs See December Losses, Even as Trading Activity Picks Up

December as a whole remained challenging for spot Bitcoin ETFs despite its late rebound, it has posted a net monthly outflow of roughly $744 million, extending losses from November, when funds shed more than $3.4 billion.

The pressure was most visible between December 18 and December 29, when ETFs recorded outflows on seven of eight trading days, briefly interrupted only by a single large inflow on December 17.

Weekly data tells a similar story, with two deeply negative weeks preceding the modest recovery seen in the final week of the month.

Source: Sosovalue

Even with the volatility, cumulative net inflows across U.S. spot Bitcoin ETFs still stand at $56.96 billion, underscoring the scale of institutional participation built up earlier in the year.

Total net assets held by these products reached $114.44 billion as of December 30, representing about 6.52% of Bitcoin’s total market capitalization.

Trading activity also picked up alongside the rebound, with total value traded across Bitcoin ETFs reaching $3.57 billion for the day.

Flows remained heavily concentrated among the largest issuers. BlackRock’s IBIT continues to dominate the market, with cumulative net inflows of $62.19 billion and nearly $68 billion in assets under management, equivalent to roughly 3.9% of Bitcoin’s circulating supply.

Fidelity and ARK 21Shares followed at a distance, while Grayscale’s GBTC continued to show no fresh inflows and remains deeply negative on a cumulative basis due to long-running redemptions after its conversion from a trust structure.

Bitcoin Consolidates Below $90K While Ethereum ETFs Stay Steady

The shift in ETF flows came as Bitcoin prices stabilized after a volatile intraday cycle. Bitcoin was trading near $88,800 at the time of the latest data, up modestly over 24 hours but still well below its all-time high.

Source: Cryptonews

Price action over recent sessions showed a sharp move toward the $90,000 level, followed by a rejection and pullback toward the mid-$86,000 range, where buyers stepped in and halted further declines.

Source: TradingView

Since then, the market has moved sideways, with price oscillating between established support near $86,700 and resistance around $88,000, reflecting a pause as traders reassess direction.

Ethereum spot ETFs showed steadier conditions by comparison as On December 30, ETH-linked ETFs recorded $67.84 million in net inflows, lifting cumulative inflows to $12.40 billion.

Source: Sosovalue

Total net assets stood at just under $18 billion, representing about 5% of Ethereum’s market capitalization.

BlackRock’s ETHA remains the largest product by assets, while Grayscale’s ETHE accounted for the bulk of the day’s inflows despite still carrying a negative cumulative balance tied to earlier redemptions.


https://cryptonews.com/news/bitcoin-etf-inflows-355m-liquidity-turning/

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