Both the spot Bitcoin and Ethereum exchange-traded funds saw inflows on December 31, following a day of significant outflows amid a broader market downturn that saw both assets suffer heavy losses.
According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded a net inflow of $5.32 million on Tuesday, ending their two-day outflow streak that saw over $723 million flow out of the funds.
The bulk of the inflows went into Fidelity’s FBTC, which injected $36.81 million into the fund. Bitwise’s BITB and Grayscale Bitcoin Mini Trust added to the positive momentum with inflows of $8.68 million and $4.14 million, respectively.
These inflows were partially offset by BlackRock’s IBIT, which posted outflows for the second straight day, deducting $23.45 from the fund. ARK 21Shares’ ARKB and Grayscale’s GBTC saw outflows of $11.23 million and $9.63 million, respectively. The remaining six BTC ETFs remained neutral on the day.
The total daily trading volume for these investment products was $2.25 billion on December 31, significantly lower than the previous day’s $3.14 billion.
At press time, Bitcoin (BTC) was up 1.1% over the past day to trade at $93,545 per coin.
Meanwhile, the nine spot Ethereum ETFs saw a strong rebound on December 31, with $35.93 million flowing into the funds, following outflows totaling $55.41 million the previous day.
Fidelity’s FETH led the day’s inflows with $31.77 million, while Grayscale Ethereum Mini Trust saw an inflow of $9.77 million.
Grayscale’s ETHE partially offset inflows with an outflow of $5.61…
