Ethereum ETFs Bounce Back While Bitcoin ETFs Struggle With Continued Outflows

• Bitcoin exchange-traded funds (ETFs) saw a significant $226.6 million inflow on Dec. 23.
• Since their launch, these funds have attracted $35.83 billion in cumulative net inflows.
• Ethereum ETFs marked a positive shift with $130.8 million in inflows in one single day.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are experiencing mixed performance as the market locks in profits before the holidays.

Bitcoin ETFs

Bitcoin ETFs recorded  a $226.6 million inflow on Dec. 23, 2024, bringing total net inflows since launch to $35.83 billion. These funds now hold 5.7% of the total Bitcoin supply, valued at $105.08 billion.

Among the major Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) recorded a modest 0.20% net inflow as of Dec. 23. This brought its cumulative inflows to $31.7 million, with net assets totaling $51.31 billion, of which 2.78% is invested in Bitcoin.

On the other hand, Grayscale’s Bitcoin Trust (GBTC) saw a slight 0.2% decline in its assets, leading to a cumulative outflow of $38.4 million. Its current net assets are valued at $19.27 billion, with 1.04% allocated to Bitcoin.

Grayscale’s other product, the Bitcoin mini trust (BTC), recorded a minor decrease of 0.1%, bringing its net assets to $3.56 billion, with just 0.2% in Bitcoin.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted a small 0.1% inflow but has experienced a cumulative outflow of $146 million. The fund currently holds $18.86 billion in assets, with 1.0% in Bitcoin.

ARK Invest & 21Shares’ ARKB fund saw a 0.3% inflow, though it still has a cumulative outflow of $15.8 million. It manages $4.36 billion in assets, with 0.2% invested in Bitcoin.

Finally, Bitwise’s Bitcoin ETF (BITB) recorded a 0.2% inflow but has faced a cumulative outflow of $23.8 million. The fund’s net assets are currently $3.80 billion, with 0.2% in Bitcoin.

These mixed results reflect the ongoing volatility and challenges that Bitcoin ETFs continue to face, even as they become increasingly integrated into the broader financial market.

Ethereum ETFs

Ethereum ETFs saw a significant $130.8 million inflow on Dec. 23, 2024, pushing total inflows to over $2.46 billion since launch.

Grayscale’s ETHE reported no daily inflows and a cumulative outflow of $3.62 billion, with net assets of $4.84 billion, holding 1.2% of Ethereum’s total supply. Its daily traded value stood at $106.5 million.

BlackRock’s ETHA experienced a 1.3% inflow, bringing cumulative inflows to $89.5 million. The fund’s net assets total $3.51 billion, representing 0.9% of Ethereum’s supply.

Other Grayscale products, including its mini trust, saw minor inflows but continued to experience cumulative outflows.

Fidelity’s FETH recorded a 0.8% inflow, totaling $46.4 million in cumulative inflows, while Bitwise’s ETHW posted a 1.2% net inflow, with cumulative inflows of $963,720.

Overall, Ethereum ETFs are recovering from previous setbacks but continue to face mixed investor sentiment.