Bitcoin and Ethereum ETFs saw a reversal after several days of gains. (Photo by Michael M. Santiago/Getty Images)
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Key Takeaways
Bitcoin ETFs experienced the second-largest outflows of December, continuing a two-day trend of losses.
Ethereum ETFs saw a reversal in their streak, with $55 million in outflows after four days of inflows.
BlackRock remains the dominant player in the Bitcoin and Ethereum ETF markets, overseeing billions in assets and inflows.
On Dec. 30, just one day before the close of 2024, U.S. Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) faced significant outflows as both assets bled heavily in a broader market downturn.
Bitcoin ETFs recorded their second consecutive day of losses, while Ethereum ETFs saw a reversal after several days of gains.
According to data from SoSoValue, Bitcoin ETFs endured $426 million in net outflows, marking the second-largest outflow of December.
Bitcoin ETF inflows. Source: SoSoValue.
BlackRock’s iShares Bitcoin Trust (IBIT) shed $36.2 million in net outflows. Despite the dip, the trust’s total net inflows remain at a staggering $37.27 billion, with its assets totaling $52.15 billion—roughly 2.79% of Bitcoin’s market cap.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) took the biggest hit, losing $154.6 million, followed by Grayscale’s Bitcoin Trust (GBTC), which posted $134.03 million in outflows for the day.
Grayscale’s GBTC has been struggling with a streak of outflows, now totaling $21.49 billion in cumulative losses and shrinking its assets to $19.35 billion.
Other Bitcoin ETFs, including ARK 21Shares’ ARKB and Bitwise’s BITB, also saw sizeable exits, with $26.4 million and $31.7 million in outflows, respectively. Valkyrie’s Bitcoin Fund (BRRR) experienced $10.02 million in outflows, while the remaining ETFs reported zero net flow for the day.
Ethereum ETFs
Ethereum ETFs saw a similar downturn on Dec. 30, posting a total of $55.41 million in net outflows, breaking their four-day streak of inflows. The reversal came as Ethereum, along with the broader crypto market, dipped below $3,500.
Ethereum ETF inflows. Source: SoSoValue
Four major Ethereum ETFs recorded net outflows on the day, while others saw no flows.
Notably, BlackRock’s iShares Ethereum Trust (ETHA), along with Bitwise, Invesco, and Valkyrie’s Ethereum ETFs, saw no movement in their assets.
Despite this, BlackRock’s dominance in the spot crypto ETF market remains unchallenged, with a cumulative net inflow of $3.52 billion and net assets totaling $3.64 billion.
Fidelity’s Ethereum Fund (FETH) was hit the hardest, with a $20.41 million outflow. Grayscale’s Ethereum Trust (ETHE) followed closely, shedding $17 million, while Franklin Ethereum ETF (EZET) recorded a $3.88 million net outflow.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
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