Bitcoin ETF inflows surge over 160% as total inflows surpass $35b

Inflows into 12 spot Bitcoin exchange-traded funds rose nearly 168% on December 12, bringing total net inflows into these investment products topping $35 billion for the first time.

According to data from SoSoValue, inflows into Bitcoin ETFs reached $597.57 million on Thursday; This is well above the $223.03 million recorded the previous day, an increase of almost 168%. This marked the 11th consecutive trading day, bringing total proceeds to these investment products of over $4.4 billion and bringing total net inflows into Bitcoin ETFs to $35.17 billion for the first time.

The majority of inflows were directed to BlackRock’s IBIT, which saw $431.6 million enter the fund after a day of no inflows. BlackRock, the largest asset manager by net assets, has generated cumulative net flows of $35.49 billion since the fund’s inception.

Grayscale Bitcoin Mini Trust recorded the second-highest inflow into the fund on Thursday, with $110.76 million entering it. Other contributions came from Bitwise’s BITB and Fidelity’s FBTC, which recorded inflows of $61.45 million and $30.54 million, respectively. ARK and 21Shares’ ARKB and WisdomTree funds reported a more modest inflow of $8.97 million and $2.65 million.

Grayscale’s GBTC fund stood out as the sole outlier of the day, reporting an outflow of $48.4 million. The remaining five Bitcoin ETFs maintained neutral positions with no net inflows or outflows.

Total trading volume of Bitcoin ETFs reached $3.15 billion on December 12, falling below the $3.97 billion recorded the previous day.

At the time of reporting, Bitcoin (BTC) was trading at $99,985, down 0.7%.

Ethereum ETFs hit record $273.67M inflow

Spot Ethereum ETFs also experienced a surge in inflows on December 12, recording $273.67 million; There was a significant increase of 168% compared to the $102.03 million seen the previous day.

BlackRock’s ETHA fund attracted $202.31 million, capturing most of the inflows. Grayscale Ethereum Mini Trust followed with $73.22 million in revenue. Fidelity’s FETH and 21Shares contributed $19.42 million and $1.55 million in inflows, respectively.

However, Grayscale’s ETHE fund reported outflows of $22.83 million on December 12, bringing total outflows since launch to $3.52 billion.

As of the report, cumulative net inflows into Ethereum ETFs amounted to $2.24 billion. Ethereum (ETH) was trading sideways, priced at $3,917 per coin.