Bitcoin Spot ETF Inflows Reach $475M After Recent Outflows
Key Points:
- Bitcoin Spot ETF inflows rebounded to $475M after recent outflows, showing renewed market interest.
- Ethereum spot ETFs saw $117M inflows, with Fidelity and BlackRock leading the contributions.
Bitcoin spot ETF inflows hit $475M on December 26, breaking a four-day outflow streak, while Ethereum ETFs recorded $117M, led by Fidelity and BlackRock funds.
Bitcoin Spot ETF Inflows Surge After Recent Outflows
Following four straight days of net withdrawals, Bitcoin spot ETFs saw a notable surge of $475 million on December 26. With an amazing $254 million contributions, Fidelity’s FBTC ETF led the jump and indicated fresh investor confidence in goods connected to Bitcoin. This significant influx exposes a changing attitude in the market toward digital assets among more general economic uncertainty.
The $475 million inflow emphasizes how increasingly appealing Bitcoin ETFs are as a safe and controlled investing tool. Investors seem to be expecting possible bullish developments and profiting on reduced pricing. Being a trailblazer in spot ETFs, Fidelity’s strong share highlights, and even more so, its influence on investor behaviour in this developing industry, according to Sosovalue.
Read more: Bitcoin Spot ETF Outflows Reach $340 Million Amid Net Losses
Ethereum Spot ETFs Gain Momentum With $117M Inflows
Reflecting growing market activity in Ethereum-linked assets, Ethereum spot ETFs also experienced a noteworthy $117 million inflow on December 26. BlackRock’s ETHA ETF added $28.1754 million; Fidelity’s FESH ETF made $82.962 million. These numbers show the growing curiosity in Ethereum as a main investment option besides Bitcoin.
The combined inflows into Ethereum spot ETFs reflect investors’ faith in its long-term worth and application inside the crypto ecosystem. Attractive to both institutional and retail investors, these funds give Ethereum varied exposure. The involvement of behemoths in the sector such as BlackRock and Fidelity strengthens Ethereum’s reputation as the main digital asset even more.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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