Author: Cryptoslate
Compiled by: Blockchain Knight
The US BTC ETF has faced consecutive four-day outflows, ending with a significant outflow on Christmas Eve.
According to data from SoSoValue on December 24, ETFs recorded a total outflow of $338.4 million on Christmas Eve.
BlackRock's iShares BTC ETF led the decline, with a single-day outflow of $188.7 million.
Fidelity's BTC ETF closely followed, with a withdrawal of $83 million, while Ark and 21Shares' BTC ETFs saw net outflows of $75 million.
Bitwise's BITB fund was the only ETF to record a net inflow, adding $85 million. The rest of the funds had no activity that day.
The outflows mark a clear reversal after a series of positive inflows.
Over the past four trading days, BTC ETFs have seen cumulative outflows of over $1.5 billion, the most significant decline since BTC ETFs emerged after Trump took office in November.
Despite the current trend, ETFs' cumulative flows have reached $35.49 billion, holding digital assets worth $110 billion.
BTC ETFs have been struggling in recent days, but the spot Ethereum ETF continues to attract investor interest.
SoSoValue data shows that Ethereum-related investment tools saw net inflows of $53.5 million, with BlackRock's Ethereum fund leading the way with $43.9 million in inflows.
Bitwise's Ethereum ETF saw inflows of $6.2 million, while Fidelity's Ethereum product added $3.45 million.
Since the launch of Ethereum ETFs in July, although their initial performance lagged behind BTC ETFs, they have recently regained momentum, with 18 consecutive days of inflows before gradually tapering off.
Matrixport's analyst explained that these sustained inflows highlight Ethereum's continued appeal among institutional investors and reinforce its position as a crucial digital asset in the Crypto ecosystem.
As of December 24, the total flow into Ethereum funds has reached $2.51 billion.
