After a tumultuous four days of outflows, U.S. Bitcoin exchange-traded funds (ETFs) saw a much-needed boost with a whopping $475.2 million influx on December 26.
This surge in investment is a clear indication of renewed excitement among investors, eager to jump back into the cryptocurrency market.
Money was flowing in and out of the market like a turbulent river, with a staggering $1.52 billion leaving and returning between December 19 and 24.
The most notable of these movements was a jaw-dropping $188.7 million outflow in a single day for BlackRock’s iShares Bitcoin Trust ETF (IBIT) on December 24.
It was a record-breaking moment that left investors on the edge of their seats, wondering what the future held for this volatile currency.
Breaking records and paving the way for Bitcoin’s resurgence, Fidelity’s Wise Origin Bitcoin Fund triumphed with a staggering $254.4 million in inflows.
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Not to be outdone, ARK 21Shares’ Bitcoin ETF also made a bold move, raking in an impressive $186.9 million. It’s a fierce competition in the world of cryptocurrency, and these two powerhouses are leading the charge.
More Funds See Inflows
Exciting news in the world of finance! BlackRock’s IBIT has made a whopping $56.5 million contribution, while Grayscale’s mini Bitcoin ETF and VanEck’s ETF have also seen significant gains of $7.2 million and $2.7 million, respectively.
Looks like the crypto market is heating up and these companies are reaping the rewards. Keep your eyes on these rising stars in the investment world!
The Bitcoin market is experiencing a thrilling resurgence, with its price taking a 2.2% dip in the last 24 hours and dropping below the $97,000 mark.
As Bitcoin ETFs surged forward, Ether ETFs showed no signs of slowing down, with a staggering $301.6 million in net inflows over the past three days.
Christmas may be over, but the cryptocurrency market is still giving out gifts. On December 26th, a whopping $117.2 million flooded into Ether ETFs, with Fidelity’s ETF taking the lead with a staggering $83 million.
Close behind were BlackRock’s iShares Ethereum Trust ETF, raking in $28.2 million, and Grayscale’s ETH trust, bringing in a cool $6 million. Looks like Santa came early for these investors!
Digital Asset Investment Products Saw $308M Inflows Last Week
Last week, digital asset investments saw a surge of $308 million pouring in. But don’t be fooled by this seemingly impressive number – it’s hiding a shocking truth.
On December 19, a whopping $576 million was suddenly pulled out in a single day, causing a major dip in the market.
And that’s not all – the final two days of the week saw a massive outflow of $1 billion, driven by the Federal Reserve’s hawkish dot plot announcement.
It’s clear that the digital asset world is not immune to the unpredictable twists and turns of the financial landscape.
Revolutionary shifts in the digital asset market resulted in a staggering $17.7 billion drop in assets under management for ETPs, causing a 0.37% decrease. This eye-opening report by CoinShares reveals the impact of recent movements on the industry.
But don’t panic just yet – this dip is nothing compared to the record-breaking outflow of 2.3% back in 2022, triggered by a major FOMC interest rate hike. Brace yourself for the full story.