After four consecutive days of outflows, US Bitcoin (BTC) exchange-traded funds (ETFs) recorded inflows.
Data from on-chain analytics platform SoSoValue Show $755 million flowed into these funds, adding 7,548 BTC to the Bitcoin assets they managed.
Net inflows to Bitcoin ETFs. | Source: Soso Value
The data showed that Fidelity FBTC It recorded the largest inflows of $463 million – the largest inflow for the fund since March last year. 21Shares’ ARK and ARKB recorded the second highest inflows at $138.81 million.
Other BTC ETFs with inflows are Grayscale’s GBTC and Bitwise’s BITB, which recorded inflows of $50.54 million and $32.69 million, respectively. VanEck’s HODL and Blackrock’s IBIT also recorded inflows of $16.98 million and $31.86 million.
Additionally, Franklin Templeton’s EZBC, Invesco Galaxy’s BTCO, and Grayscale Bitcoin Mini Trust contributed $2.9 million, $4.47 million, and $13.69 million to the total inflows.
BTC price action
The inflows into Bitcoin ETFs coincided with the price of Bitcoin rising above $100,000. According to CoinGecko data Deals At $100,518 at the time of writing, having risen 0.8% in the last day.
The price of Bitcoin is also being boosted by the latest Consumer Price Index (CPI) report from the US Bureau of Labor and Statistics (BLS), which indicated a 0.4% rise in the CPI for December 2024, with an annual inflation rate of 3.2%. It is worth noting that the performance of Bitcoin ETFs (including Fidelity’s FBTC) has attracted interest from various countries.
In a recent tweet, Bitwise CEO Hunter Horsley said It has been detected Many countries inquire from the company about how to invest in these ETFs. He added that some are considering withdrawing their investments in government bonds in favor of Bitcoin.
Horsley’s latest CryptoMode claims follow a report That Thailand is set to approve its first Bitcoin ETF is evidence of the growing demand for this investment product.
Fidelity’s FETH tops Ethereum ETF performance
Like their Bitcoin ETF counterparts, Ethereum (ETH) ETFs also recorded net positive inflows of $59.78 million, indicating that 18,520 ETH entered these funds. SoSoValue data open Fidelity’s FETH also had the largest inflows at $29.32 million, while BlackRock’s ETHA recorded the second largest at $19.35 million.
Meanwhile, VanEck’s ETHV and Grayscale Ethereum Mini Trust recorded combined inflows of more than $10 million for the day. However, other ETFs did not record outflows or inflows.
