Spot Bitcoin ETFs record fourth straight day of inflows, $353.67m added

Spot Bitcoin exchange-traded funds in the United States recorded their fourth consecutive day of inflows on Dec. 2, with $353.67 million flowing into the funds.

According to data from SoSoValue, BlackRock’s IBIT fund led the charge, recording a massive $338.33 million in inflows. Fidelity’s FBTC and ARK’s ARKB funds contributed to the trend with inflows of $25.14 million and $17.24 million, respectively.

More modest contributions came from Grayscale Bitcoin Mini Trust, which recorded $6.36 million in inflows, and Franklin Templeton’s EZBC, which saw $5.56 million flow into the fund. However, these gains were partially offset by significant outflows from Grayscale’s flagship GBTC fund, which lost $28.11 million, and VanEck’s HODL fund, which saw $10.85 million exit.

The remaining Bitcoin ETFs remained neutral for the day.

Overall, trading volumes for the 12 Bitcoin ETFs surged to $3.91 billion, representing a significant 55.78% increase from the $2.51 billion recorded on the previous trading day. Despite the positive inflow trend, Bitcoin btc-0.43%Bitcoin prices dipped slightly, trading at $96,101, down 0.5% on the day.

Ethereum ETFs struggle following record inflows

In contrast, Ethereum ETFs experienced a substantial drop in inflows, recording only $24.23 million on Dec. 2. This marked a sharp decline from the previous record-breaking day when $332.92 million poured into the funds.

BlackRock’s ETHA fund maintained leadership among Ethereum ETFs, attracting $55.92 million in inflows. Fidelity’s FETH also recorded $19.9 million, contributing to the day’s modest total.

However, these gains were overshadowed by significant outflows from Grayscale’s ETHE fund, which reported a loss of $44.36 million. Invesco’s QETH fund added to the decline, shedding $7.23 million.

Five other Ethereum ETFs reported zero net flows, emphasizing the cooling investor interest. Nonetheless, trading volumes for the nine Ethereum ETFs saw a notable uptick, reaching $644.05 million—more than double the previous day’s activity.

At press time, Ethereum eth0.39%Ethereum was trading at $3,657, down 0.6% on the day.