On Dec. 19, U.S. spot Bitcoin exchange-traded funds witnessed $680 million in outflows. This came as Bitcoin dipped below $96k due to the Federal Reserve’s cautious stance on future interest rate cuts. Data from SoSoValue shows that 12 spot Bitcoin ETFs had outflows, ending a 15-day inflow streak that had brought over $6.7 billion.
Fidelity’s FBTC led with $208.55 million in outflows, trailed by Grayscale Bitcoin Mini Trust and ARK 21Shares’ ARKB with $188.6 million and $108.35 million respectively. Others like Grayscale’s GBTC, Bitwise BITB, Invesco Galaxy’s BTCO, VanEck’s HODL, Valkyrie’s BRRR also had significant outflows. WisdomTree’s BTCW was an exception, attracting $2.05 million. BlackRock’s IBIT and two other BTC ETFs had no flow changes.
Despite the outflows, Bitcoin ETF trading volume rose to $6.31 billion from $5.86 billion. Bitcoin’s fall to $96,751 (down 4.4%) was due to the Fed’s rate decision. The Fed cut rates by 0.25% but signaled only two more cuts in 2025 with inflation target set for 2026 – 2027, dampening sentiment and causing a 4.5% drop in the $3.51 trillion crypto market.
Spot Ethereum ETFs also had a tough day, with $60.47 million in outflows, breaking an 18-day inflow run. Grayscale’s ETHE had the most with $58.13 million out. Bitwise’s ETHW, Grayscale Ethereum Mini Trust, and Invesco’s QETH also had outflows. However, Fidelity’s FETH and VanEck’s ETHV got inflows of $5.05 million and $4.94 million. Cumulative net inflows for Ethereum ETFs were still positive at $2.4 billion.
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