Bitcoin ETFs recorded a staggering $680 million in net outflows, marking their worst single-day performance to date. This ended a 15-day streak of inflows totaling $6.7 billion, which had begun on Nov. 27.
Bitcoin ETFs net flows. Source: SoSoValue
Among the 12 listed Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) remained notably steady, with zero net flow on the day. Despite the turmoil, IBIT’s cumulative net inflow stood strong at $37.04 billion, with total net assets valued at $53.39 billion.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) bore the brunt of the sell-off, recording the largest net outflow at $208.53 million.
FBTC’s cumulative net flow now stands at $12.09 billion, while its total assets dropped to $19.82 billion, just $200 million shy of overtaking Grayscale’s Bitcoin Trust (GBTC).
Other significant outflows included:
ARK 21Shares Bitcoin ETF (ARKB): $108.35 million.
Bitwise Bitcoin ETF (BITB): $43.61 million.
Grayscale Bitcoin Trust (GBTC): $87.85 million.
Interestingly, GBTC remains the only fund with a cumulative net outflow, now totaling $21.2 billion. However, its total assets have grown slightly, reaching $20.04 billion.
Ethereum ETFs
Ethereum ETFs similarly faced a net outflow of $60.47 million, breaking their own 18-day net inflow streak. The streak had brought optimism to the market, but Dec. 19 marked a shift in sentiment.
BlackRock’s iShares Ethereum Trust (ETHA) maintained a neutral position with no net flows on the day, keeping its cumulative inflows at $3.45 billion and total assets at $3.54 billion.
While most funds saw outflows, Fidelity’s Ethereum Fund (FETH) and VanEck Ethereum Strategy ETF (ETHV) managed to buck the trend with modest net inflows of $5.05 million and $4.94 million, respectively. FETH’s cumulative assets reached $1.39 billion, while ETHV’s total net inflow now stands at $127.9 million.
On the other hand, Grayscale’s Ethereum Trust (ETHE) recorded the largest net outflow among Ethereum ETFs, with $58.31 million exiting the fund. Its cumulative net outflow now stands at $3.62 billion.
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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