On December 19, Bitcoin Spot ETF outflows reached $338.4 million, marking the fourth consecutive day of outflows, bringing the total to $1.52 billion.
Four Consecutive Days of Bitcoin Spot ETF Outflows
On December 19, Bitcoin Spot ETF saw outflows of $338.4 million. This trend marks the fourth consecutive day, reaching a cumulative $1.52 billion in withdrawals. This follows 15 days of continuous inflows totaling $6.7 billion, indicating a shift in investor sentiment.
Role of Major Funds
BlackRock's IBIT fund led the outflows with $188.7 million withdrawn, followed by Fidelity's FBTC with $83 million and ARKB with $75 million. Interestingly, Bitwise's BITB fund showed inflows of $8.5 million, reflecting mixed investor sentiments despite the market downtrend.
Ethereum Spot ETFs Show Inflows
On the same day that Bitcoin ETFs were facing outflows, Ethereum Spot ETFs recorded inflows of $53.5 million. BlackRock's ETHA fund led with $43.9 million, followed by Bitwise's Ethereum fund with $6.2 million and Fidelity's FESH with $3.45 million. As of December 19, the net inflows for Ethereum Spot ETFs reached $2.51 billion, fueled by heightened investor excitement.
The observed reduction in Bitcoin Spot ETF outflows coupled with the increase in Ethereum Spot ETF inflows highlights changes in investor preferences, indicating possible long-term trends in crypto investments.
