Spot Bitcoin exchange-traded funds in the US continued to experience outflows on December 30, with Bitcoin remaining below $93,000.
According to SoSoValue data, 12 spot Bitcoin ETFs recorded $426.13 million in outflows on Dec. 30, extending their outflow streak to two consecutive days that saw $723.8 million leave the funds.
Fidelity’s FBTC saw the highest outflow of the day with $154.64 million withdrawn from the fund, followed by Grayscale’s GBTC with an outflow of $134.5 million.
Additional outflows were seen from BlackRock’s IBIT, Grayscale Bitcoin Mini Trust, Bitwise’s BITB, and ARK 21Shares’ ARKB; $36.52 million, $31.73 million, $31.37 million and $26.4 million were allocated from the fund, respectively.
Valkyrie’s BRRR also saw a modest debut of $10.96 million on the day. Reportedly, none of the BTC ETFs saw any inflows on the day.
The total daily trading volume of 12 investment products reached $3.14 billion on December 30, slightly above the $3.02 billion seen the previous day.
Meanwhile, the significant outflows seen on Monday occurred as Bitcoin (BTC) failed to maintain the key $95,000 support level identified by analysts. This breakdown has increased the risk that the price will drop further, potentially dropping as low as $60,000.
The world’s largest crypto asset changed hands at $92,458 per token, down 1% at press time.
Ether ETFs are also starting to break out
Nine spot Ethereum funds also faced an exit day on December 30, with $55.41 million leaving the fund, ending a four-day run of inflows that brought $349.1 million to the funds.
Fidelity’s FETH led the way with an outflow of $20.41 million, while Grayscale’s ETHE and mini Ethereum Trust saw outflows of $17.36 million and $13.75 million, respectively. Franklin Templeton’s EZET saw a more modest debut of $3.88 million on the day.
The total trading volume of these investment instruments amounted to $336.26 million on December 30, slightly higher than the $324.32 million seen on the previous trading day. Total net inflows in these ETFs have also stood at $2.62 billion since the launch date.
Spot ETH ETFs hit a new monthly milestone in December, surpassing $2 billion in cumulative net inflows. That nearly doubles November’s total inflows of just over $1 billion, according to data from Farside Investors.
Despite record inflows throughout the month, Ether (ETH) could not escape the current downward trend. The largest altcoin was trading at $3,353 at press time, down 9% on the monthly chart.