Bitcoin ETFs Hit $475 Million Inflows as Christmas Brings Relief to Four-Day Market Slide

The United States Bitcoin ETF market saw a festive turnaround on Dec. 26, as $475 million in inflows ended a four-day streak of $1.5 billion in losses. Fidelity, ARK, and BlackRock led the recovery, signaling renewed investor interest post-Christmas.

Bitcoin ETFs Recover $475 Million After Christmas

The day following Christmas, after four trading days of outflows totaling over $1.5 billion, Bitcoin exchange-traded funds (ETFs) in the US experienced net inflows, Cointelegraph reports.

On December 26, a total of eleven exchange-traded funds (ETFs) had net inflows of $475.2 million, with $254.4 million going into the Fidelity Wise Origin Bitcoin Fund, according to CoinGlass.

After that, with $186.9 million, the ARK 21Shares Bitcoin ETF collected, and BlackRock's iShares Bitcoin Trust ETF (IBIT) received $56.5 million.

Grayscale and VanEck Contribute to Bitcoin ETF Rebound

A more modest $7.2 million and $2.7 million were deposited into Grayscale's small Bitcoin ETF and VanEck's ETF, respectively.

After four trading days of total net withdrawals from the ETFs, totaling $1.52 billion, from December 19th to December 24th, the US markets stopped for Christmas Day on December 25th, so the inflows follow.

With a net outflow of $188.7 million on December 24—more than double its previous record of $72.7 million set on December 20—IBIT had its biggest single-day net outflow to date.

Bitcoin and Ether ETFs Show Diverging Trends

Bitcoin was trading at slightly over $96,000, down 2.2% from its previous day's high of almost $98,000.

According to CoinGlass, Ether exchange-traded funds (ETFs) have experienced $301.6 million in combined net inflows for the past three trading days running.

Once again, Fidelity's ETF topped the charts with net inflows of $83 million on December 26th, contributing $117.2 million to the ETH funds.

Next came $28.2 million from BlackRock's iShares Ethereum Trust ETF and $6 million from Grayscale's ETH trust.

Year-End Trading Days Offer Limited Opportunities

With today's 1.7% decline, ETH is now trading below $3,400. In comparison to Bitcoin, the market leader, it has failed to reach a new all-time high during the previous two months.

There are only three trading days remaining this year for the crypto ETFs, as opposed to the 24-hour, never-off assets that they track (December 27, 30, and 31).

With a total of $111.9 billion in assets under management (AUM) and $35.9 billion in net inflows, the Bitcoin ETFs have had a successful first year.

Ether exchange-traded funds, on the other hand, have an AUM of almost $12 billion and have had net inflows of $2.63 billion this year.