Bitcoin ETFs Reconnect with Positive Flows

after a week worthy of a bad financial thriller, U.S. BTC ETFs saw massive inflows on December 26. Alone, 11 funds collected $475.2 million

Santa might have had a soft spot for Bitcoin. In any case, the crypto sphere experienced a breath of fresh air on December 26. After four days of massive outflows, U.S. Bitcoin ETFs finally recorded positive net flows. Investors themselves seemed to be responding to the tolling of Christmas bells, injecting $475.2 million in a single day.

Bitcoin ETFs Reconnect with Positive Flows

In Bitcoin news, after a week that could be described as a bad financial thriller, U.S. BTC ETFs saw massive inflows on December 26. Eleven funds alone collected $475.2 million, with Fidelity leading the way, attracting $254.4 million. Coming in second was ARK 21Shares with $186.9 million, while BlackRock and its iShares Bitcoin Trust settled for an honorable $56.5 million.

Smaller players like Grayscale and VanEck shared crumbs of $7.2 and $2.7 million, respectively.

This renewed interest sharply contrasts with the hemorrhage recorded from December 19 to 24, during which $1.52 billion evaporated. Notably, the iShares Bitcoin Trust had its worst historical day on December 24, with $188.7 million being withdrawn.

As they say, even in crypto, everything comes to those who wait, a frustrated trader might have joked.

Ethereum Remained in Bitcoin’s Shadow

Bitcoin stole the spotlight, but Ethereum ETFs also had a brief moment of grace. Between December 24 and 26, they recorded $301.6 million in net flows, including $117.2 million on December 26 alone.

Fidelity once again led the dance with $83 million, followed by BlackRock with $28.2 million, and Grayscale brought up the rear with $6 million.

However, not everything is rosy for ETH crypto. While the BTC price was flirting with highs two months ago, Ethereum struggled to stand out, stagnating below $3,400. As a reminder, the star of the moment remained Bitcoin, undeniably.

If Christmas did provide Bitcoin with a welcome boost, the famous “Santa Claus rally” did not occur. The psychological threshold of $100,000 remained out of reach, much to the dismay of BTC investors.

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose