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On December 26, U.S. spot Bitcoin ETFs experienced a significant recovery, showcasing the resilience of the market. After four consecutive days of outflows, the ETFs reported net inflows of $475.2 million, indicating renewed investor interest.
Leading the inflows was the Fidelity Wise Origin Bitcoin Fund, which attracted $254.4 million. Other notable contributors included:
- ARK 21Shares Bitcoin ETF: $186.9 million
- BlackRock’s iShares Bitcoin Trust ETF: $56.5 million
Despite a recent price decline of 2.2%, Bitcoin ETFs have accumulated a total of $35.9 billion in net inflows, reaching assets under management of $111.9 billion since their launch in January.
In addition to Bitcoin, Ether ETFs also showed positive performance, recording $117.2 million in net inflows on the same day, marking their third consecutive day of growth. Fidelity was the main contributor, adding $83 million, while other contributors included:
- BlackRock’s iShares Ethereum Trust ETF: $28.2 million
- Grayscale’s ETH trust: $6 million
This year, Ether ETFs have achieved $2.63 billion in net inflows, with assets under management nearing $12 billion. The crypto ETF market reflects a growing interest and optimism among investors as 2024 approaches, despite ongoing price fluctuations.
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