Bitcoin ETFs continue outflow streak as BTC tumbled under $93k

Spot Bitcoin exchange-traded funds in the US saw outflows for the third consecutive day as Bitcoin struggled to recover to $100,000 following the Fed’s hawkish rate cut.

According to SosSoValue data, 12 spot Bitcoin ETFs recorded inflows of $226.56 million on Dec. 23; In the exit series that lasted up to three days, more than 1.18 billion dollars of funds were allocated.

The majority of outflows were seen from Fidelity’s FBTC, recording an outflow of $145.97 million, while Grayscale’s GBTC followed with $38.39 million withdrawn from the fund.

Other BTC ETFs recording negative flows are:

Invesco Galaxy’s BTCO is $25.56 million. Bitwise’s BITB is $23.75 million. ARK and 21Shares’ ARKB is $15.75 million. Grayscale Bitcoin Mini Trust, $6.18 million. VanEck’s HODL is $2.62 million.

BlackRock’s IBIT was the only BTC ETF to buck the trend with inflows of $31.66 million, bringing its total net flow since launch to $37.36 billion.

The daily transaction volume of these investment products amounted to $3.52 billion on December 23, below the $4.09 billion seen the previous day. At the time of writing, total net inflows into BTC ETFs stood at $35.83 billion.

Meanwhile, significant outflows recorded on Monday saw Bitcoin (BTC) drop 4% from its intraday high of $96,386 to its intraday low of around $92,600 today, driven by the hawkish stance that accompanied the Fed’s latest interest rate decision. followed the decline of .

On Wednesday, the Federal Reserve cut its third consecutive interest rate but signaled that monetary expansion would occur at a slower pace next year to manage inflation. The move tempered speculative fervor in the crypto market, fueled by Trump’s promise of crypto-friendly regulations and his support for establishing a national Bitcoin reserve.

The world’s largest crypto asset changed hands last week, down 11.9% at $94,436 per token at press time.

Ethereum ETFs are making a comeback

Nine spot Ethereum ETFs recorded inflows of $130.76 million on Dec. 23, breaking a two-day streak of outflows that led to outflows of $135.4 million from the funds. BlackRock’s ETHA ranked first with an inflow of $89.51 million, followed by Fidleity’s EFTH, which entered the fund with $46.37 million.

Biwise’s ETHW reported a more modest inflow of $963.72K, while Grayscale Ethereum Mini Trust was among the main highlights of the day, recording an outflow of $6.09M.

The remaining ETH ETFs remained neutral throughout the day.

At the time of writing, Ethereum (ETH) has gained 3.3% in value over the last 24 hours, changing hands at $3,412 per coin.