Bitcoin ETFs Are Taking A Breather After A $1.5 Billion Outflow

Could Santa Claus have a weakness for Bitcoin? In any case, on December 26, the crypto sphere experienced a breath of fresh air. After four days of massive losses, U.S. Bitcoin ETFs finally recorded positive net flows. With $475.2 million injected in a single day, it seems the investors themselves responded to the tolling of Christmas bells.

Bitcoin ETFs Reconnect with Positive Flows

The Bitcoin news: after a week worthy of a bad financial thriller, U.S. BTC ETFs saw massive inflows on December 26. Alone, 11 funds collected $475.2 million, with Fidelity leading the way, attracting $254.4 million. ARK 21Shares follows with $186.9 million, while BlackRock and its iShares Bitcoin Trust settle for an honorable $56.5 million.

NBX HOT NEWS🚨: Bitcoin ETFs Post-Christmas Bounce
Post-Christmas Miracle for Bitcoin ETFs!
After bleeding $1.5B over four straight days, US Bitcoin ETFs made a comeback on Dec. 26, with net inflows of $475.2M.

Let’s break it down 👇

🚀 The MVPs of the Day:

• Fidelity Wise… pic.twitter.com/KnFWNCY9vI

— Next Block Expo (@nextblockexpo) December 27, 2024

Small players like Grayscale and VanEck share crumbs of $7.2 and $2.7 million, respectively.

This renewed interest contrasts sharply with the hemorrhage recorded from December 19 to 24: $1.52 billion evaporated. Notably, the iShares Bitcoin Trust had its worst historical day on December 24, with $188.7 million withdrawn.

• Total flows on December 26: $475.2 million;
• Fidelity’s contribution: $254.4 million;
• ARK 21Shares: $186.9 million;
• BlackRock: $56.5 million;
• Mini-recoveries at Grayscale and VanEck.

As they say, even in crypto, everything comes to those who wait, a frustrated trader might have joked.

Ethereum Remains in Bitcoin’s Shadow

Bitcoin steals the spotlight, but Ethereum ETFs also had a brief moment of grace. Between December 24 and 26, they recorded $301.6 million in net flows, including $117.2 million on December 26 alone.

🇺🇸 ETF FLOWS: Fidelity's BTC and ETH ETFs saw the most inflows of all US spot Bitcoin and Ethereum ETFs on Dec. 26 $FETH: $83M $FBTC: $254.4M pic.twitter.com/kF3u2r9b3x

— Cointelegraph (@Cointelegraph) December 27, 2024

Fidelity leads the dance again with $83 million, BlackRock follows with $28.2 million, and Grayscale brings up the rear with $6 million.

However, not everything is rosy for ETH crypto. While the BTC price was flirting with highs two months ago, Ethereum struggles to stand out, stagnating below $3,400. A reminder that the star of the moment remains undeniably Bitcoin.

If Christmas provided Bitcoin with a welcome rise, the famous “Santa Claus rally” did not occur. The psychological threshold of $100,000 remains out of reach, much to the dismay of BTC investors.