Key Points
- U.S. spot Bitcoin ETFs recorded $479.06 million inflows on Dec. 9 despite Bitcoin’s price drop.
- Ether ETFs continued their positive trend with $149.79 million inflows on the same day.
On Dec. 9, spot Bitcoin exchange-traded funds in the U.S. saw an influx of $479.06 million.
This occurred even as the price of Bitcoin briefly fell below $95,000, causing a ripple effect in the wider cryptocurrency market.
Inflows and Outflows
Data from SoSoValue indicates that this marked the eighth consecutive day of net inflows into 12 spot Bitcoin ETFs, totaling $3.6 billion over this period.
BlackRock’s IBIT attracted the most inflows for the seventh day in a row, securing $394.07 million, while Fidelity’s FBTC also performed well with $175.47 million. Grayscale Bitcoin Mini Trust added a more modest $7.25 million.
However, these inflows were somewhat balanced by outflows from Bitwise’s BITB, ARK 21Shares’ ARKB, and Grayscale’s GBTC, which reported outflows of $39 million, $34.3 million, and $24.44 million respectively. The remaining Bitcoin ETFs saw no flows on that day.
Despite the substantial inflows, Bitcoin’s price experienced significant volatility, dropping to under $95,000 from an intraday high of $100,200. This led to a 6.8% decline in the broader crypto market and $1.7 billion in liquidations.
Ether ETFs Maintain Positive Trend
In contrast, Ether ETFs continued their positive trend, recording $149.79 million in inflows on Dec. 9. This marked their 11th consecutive day of inflows.
BlackRock’s ETHA led with $155.37 million in inflows, followed by Fidelity’s FETH with $30.11 million. Grayscale Ethereum Mini Trust contributed an additional $8.83 million.
However, Grayscale’s ETHE, Bitwise’s ETHW, and 21Shares’ CETH reported outflows of $27.39 million, $12.99 million, and $4.15 million respectively. The remaining Ethereum ETFs remained neutral.
Despite the continued positive inflows, Ethereum mirrored Bitcoin’s decline, falling 4.1% over the past 24 hours to trade at $3,728.