Bitcoin ETFs see tepid Inflows, while Ether ETFs rebound strongly

Both spot Bitcoin and Ethereum exchange-traded funds recorded inflows on December 31, following a day of significant outflows amid a broader market downturn in which both assets suffered heavy losses.

According to SoSoValue data, 12 spot Bitcoin ETFs recorded net inflows of $5.32 million on Tuesday, ending a 2-day streak of outflows with over $723 million leaving the fund.

The majority of inflows came into Fidelity’s FBTC, with $36.81 million entering the fund. Bitwise’s BITB and Grayscale Bitcoin Mini Trust added to the positive momentum with inflows of $8.68 million and $4.14 million, respectively.

These inflows were partially offset by BlackRock’s IBIT, with the fund seeing an outflow of $23.45 for the second consecutive day. ARK 21Shares’ ARKB and Grayscale’s GBTC recorded outflows of $11.23 million and $9.63 million, respectively. The remaining six BTC ETFs remained neutral throughout the day.

The total daily trading volume of these investment products amounted to $2.25 billion on December 31, significantly lower than the $3.14 billion recorded the previous day.

At the time of writing, Bitcoin (BTC) changed hands at $93,545 per coin, up 1.1% over the past day.

Meanwhile, nine spot Ethereum ETFs experienced a strong rebound on December 31, with $35.93 million flowing into the funds following a total outflow of $55.41 million the previous day.

Fidelity’s FETH led the day’s inflows with $31.77 million entering the fund, while Grayscale Ethereum Mini Trust recorded $9.77 million in inflows.

Grayscale’s ETHE partially offset inflows with outflows of $5.61 million, while the remaining Ether ETFs did not record any activity for the day.

Ethereum (ETH) traded at $3,337, down 0.5% in the last 24 hours.