BTC ETF saw an outflow of $338 million on Christmas Eve?

Source: Blockchain Knight

The U.S. BTC ETF has faced withdrawals for four consecutive days, ending with significant outflows on Christmas Eve.

According to data from SoSovalue on December 24, ETFs recorded a total outflow of $338.4 million on Christmas Eve.

BlackRock’s iShares BTC ETF led the decline, with the largest single-day outflow reaching $188.7 million.

Fidelity’s BTC ETF followed suit with $83 million in withdrawals, while Ark and 21Shares’ BTC ETFs saw net outflows of $75 million.

Bitwise’s BITB fund was the only ETF to record positive net inflows, adding $8.5 million. The remaining funds had no activity on the day.

Meanwhile, outflows marked a sharp reversal after a string of positive flows.

In the past four trading days, BTC ETF has experienced cumulative outflows of more than $1.5 billion. This is the most significant decline in BTC ETF since Trump entered the White House in November. Sliding down.  

Despite the current trend, cumulative flows to ETFs have reached $35.49 billion, holding $110 billion worth of digital assets.

The BTC ETF has struggled over the past few days, but the spot Ethereum ETF continues to attract investor interest.

Data from SoSoValue shows that Ethereum-related investment instruments saw a net inflow of US$53.5 million, with BlackRock’s Ethereum Fund leading the way with an inflow of US$43.9 million.

Bitwise’s Ethereum ETF saw inflows of $6.2 million, while Fidelity’s Ethereum product added $3.45 million.

While the Ethereum ETF initially lagged behind the BTC ETF since its launch in July, it has recently made a comeback, highlighted by 18 consecutive days of inflows before tapering off.

Analysts at Matrixport explain that these continued inflows highlight Ethereum’s continued appeal among institutional investors and solidify its position as an important digital asset in the Crypto ecosystem .

As of December 24, the total flow of Ethereum funds reached $2.51 billion.