Spot Bitcoin ETFs Record Fourth Straight Day of Inflows, Adding $353.67 Million

Spot Bitcoin exchange-traded funds (ETFs) in the United States continued their impressive streak of inflows, recording a fourth consecutive day of positive growth on December 2. In total, $353.67 million flowed into these funds, signaling strong investor interest in Bitcoin-backed investment products.

Leading the way in terms of inflows was BlackRock’s IBIT fund, which saw a substantial $338.33 million in new investments. Fidelity’s FBTC and ARK’s ARKB also contributed to the trend, with inflows of $25.14 million and $17.24 million, respectively. Smaller contributions came from Grayscale’s Bitcoin Mini Trust, which added $6.36 million, and Franklin Templeton’s EZBC, which saw a modest inflow of $5.56 million.

Despite the strong inflows, not all Bitcoin ETFs saw gains. Grayscale’s flagship GBTC fund experienced a significant outflow of $28.11 million, while VanEck’s HODL fund also saw $10.85 million exit. Other Bitcoin ETFs remained relatively neutral, not showing any major changes for the day.

Overall, trading volumes for the 12 Bitcoin ETFs surged to a robust $3.91 billion, marking a 55.78% increase compared to the previous trading day’s $2.51 billion. However, despite the inflow momentum, Bitcoin prices experienced a slight dip, trading at $96,101, down 0.5% on the day.

Ethereum ETFs Struggle Following Record Inflows

While Bitcoin ETFs saw continued success, Ethereum ETFs experienced a significant decline in investor interest. On December 2, Ethereum ETFs recorded only $24.23 million in inflows, a sharp contrast to the previous record-breaking day, when they attracted $332.92 million.

Among Ethereum ETFs, BlackRock’s ETHA fund led the charge with $55.92 million in inflows, while Fidelity’s FETH recorded $19.9 million. However, these positive contributions were overshadowed by sizable outflows from other funds. Grayscale’s ETHE fund saw $44.36 million exit, while Invesco’s QETH fund lost $7.23 million. Additionally, five other Ethereum ETFs reported zero net flows, indicating cooling investor interest in Ethereum-backed funds.

Despite the decline in net inflows, trading volumes for Ethereum ETFs saw a notable uptick, reaching $644.05 million—more than double the previous day’s activity. However, Ethereum’s price also dipped slightly, trading at $3,657, down 0.6% on the day.

While Bitcoin ETFs continued to attract strong investor interest, Ethereum ETFs showed signs of weakening demand following a record-breaking surge of inflows. The divergence in the performance of these two leading cryptocurrency-backed ETFs highlights the shifting sentiment in the market, with Bitcoin continuing to outperform Ethereum in terms of both price and investor inflows. As market conditions evolve, it will be interesting to see whether this trend persists or if Ethereum ETFs can regain their previous momentum.