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US bitcoin exchange-traded funds recorded their 10th straight day of inflows on December 11, with $223.03 million entering the funds as bitcoin climbed back above the $100,000 mark.
according to Data From SoSoValue, the majority of inflows on December 11 went to Fidelity’s FBTC, which saw $121.9 million in new investments, extending its inflow streak to ten days. 21Shares’ ARK Fund, 21Shares’ ARKB Fund, and Grayscale’s GBTC Fund also contributed significantly, with inflows of $52.67 million and $20.13 million, respectively.
In addition, Grayscale Bitcoin Mini Trust, Biwise’s BITB, and VanEck’s HODL funds received more modest inflows of $15.74 million, $12.16 million, and $2.87 million, respectively. However, Valkyrie’s BRRR fund was the only fund, reporting outflows of $2.44 million on the day.
Other Bitcoin ETFs, including BlackRock’s IBIT — which has recorded $35.06 billion in inflows since its launch — remained neutral on December 11.
Total trading volume for Bitcoin investment products reached $3.94 billion on December 11, slightly lower than the $3.97 billion recorded the previous day. As of the report, net inflows into the 12 Bitcoin ETFs totaled $34.58 billion.
These inflows coincided with Bitcoin’s recent rally, which saw the cryptocurrency asset surpass $100,000, reaching a high of around $102,000. This increase came at a time when recent inflation data in the United States raised expectations about the possibility of this happening Lowering interest rates by the Federal Reserve.
At the time of writing, Bitcoin (Bitcoin) was trading at $100,769 per coin, up 3.3% in the last 24 hours.
Ethereum ETF flows are slowing
Spot Ethereum ETFs saw a slowdown in net inflows on December 11, recording $102.03 million – a massive 66% decline from the previous year. $305.74 million I saw it the other day.
according to Data From SoSoValue, BlackRock’s ETHA fund attracted the majority of inflows, with $74.16 million entering the fund. It was followed by the Grayscale Ethereum Mini Trust, which generated $13.38 million. Other contributors include Biwise’s ETHW, VanEck’s ETHV, and Franklin Templeton’s EZET, which saw inflows of $8.23 million, $5.6 million, and $2.91 million, respectively.
However, Grayscale’s ETHE fund reported outflows of $2.26 million on December 11, bringing total outflows since launch to $3.5 billion.
Cumulative net Ethereum ETF inflows were $1.97 billion at the time of writing.
Ethereum (Ethereum) also saw a price rise, trading at $3,916 per coin, up 7.2% from the last day. The broader cryptocurrency market was also on an upward trend, with the total market cap rising 3.7% to $3.81 trillion.
