Both spot Bitcoin and Ethereum exchange-traded funds recorded inflows on Dec. 31, following a day of significant outflows amid a broader market downturn that saw both assets experience heavy losses.
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged a net inflow of $5.32 million on Tuesday marking an end to its 2-day outflow streak that saw over $723 million leave the funds.
The majority of inflows came into Fidelity’s FBTC which saw $36.81 million enter the fund. Bitwise’s BITB and Grayscale Bitcoin Mini Trust contributed to the positive momentum with inflows of $8.68 million and $4.14 million respectively.
These inflows were partly offset by BlackRock’s IBIT which saw outflows for the second consecutive day with $23.45 exiting the fund. ARK 21Shares’s ARKB and Grayscale’s GBTC logged outflows of $11.23 million and $9.63 million respectively. The remaining six BTC ETFs remained neutral on the day.
The daily total trading volume for these investment products stood at $2.25 billion on Dec. 31 significantly lower than the $3.14 billion recorded the previous day.
At press time Bitcoin (BTC) was up 1.1% over the past day exchanging hands at $93,545 per coin.
Meanwhile, the nine spot Ethereum ETFs experienced a strong rebound on Dec. 31, with $35.93 million flowing into the funds after a previous day of outflows totaling $55.41 million.
Fidelity’s FETH led the day’s inflows with $31.77 million entering the fund, while the Grayscale Ethereum Mini Trust recorded an inflow of $9.77 million.
Grayscale’s ETHE partially offset the inflows with an outflow of $5.61 million, while the remaining Ether ETFs recorded no activity for the day.
Ethereum (ETH) was down 0.5% over the past 24 hours trading at $3,337.
