BTC Spot ETF Outflows Continue With $227M Lost Over Three Days

Key Points:

• BTC Spot ETF outflows reached $227M on Dec 23, continuing for 3 days.
• Ethereum ETFs had $131M inflows, led by BlackRock and Fidelity funds.

BTC Spot ETF outflows hit $227M on Dec 23, marking 3 consecutive days of outflows. Total net asset value is $105.084B, while Ethereum ETFs saw $131M inflows.

BTC Spot ETF Outflows Mark Three Consecutive Days

The Bitcoin spot ETF market saw net outflows of $227 million on December 23, continuing a three-day streak of outflows. Despite this downturn, the total net asset value for Bitcoin spot ETFs remains substantial at $105.084 billion, reflecting its enduring significance in the crypto investment landscape.

The consistent outflows suggest a shift in investor sentiment, possibly driven by broader market trends or profit-taking activities. Meanwhile, the Bitcoin spot ETF market continues to draw attention as a critical barometer for institutional participation in the cryptocurrency sector, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Reach $449M With BlackRock Leading

Ethereum Spot ETFs Record Strong Inflows Amid BTC Outflows

While Bitcoin spot ETFs faced significant outflows, Ethereum spot ETFs experienced robust inflows of $131 million on December 23. BlackRock’s ETHA led the charge with $89.5129 million in net inflows, followed by Fidelity’s FETH, which recorded $46.3713 million.

This divergence highlights contrasting investment patterns between Bitcoin and Ethereum assets. Ethereum ETFs continue to attract investor interest, supported by growing institutional adoption and BlackRock’s leadership in the space, positioning Ethereum as a critical player in crypto investment portfolios.