DailySun
On December 30, spot Bitcoin exchange-traded funds (ETFs) in the United States continued to see outflows, with Bitcoin remaining below $93,000.
As per SoSoValue’s data, the 12 spot Bitcoin ETFs reported outflows of $426.13 million on December 30, further extending their outflow streak to two days, during which a total of $723.8 million has left the funds.
Fidelity’s FBTC recorded the highest outflow of the day, with $154.64 million withdrawn from the fund, while Grayscale’s GBTC followed closely behind with an outflow of $134.5 million.
Additional withdrawals were noted from BlackRock’s IBIT, Grayscale Bitcoin Mini Trust, Bitwise’s BITB, and ARK 21Shares’s ARKB, with outflows of $36.52 million, $31.73 million, $31.37 million, and $26.4 million, respectively.
Valkyrie’s BRRR also experienced a minor outflow of $10.96 million that day. Reportedly, no BTC ETFs recorded any inflows on this date.
The total daily trading volume for these 12 investment products reached $3.14 billion on December 30, slightly above the $3.02 billion observed the day prior.
The noticeable outflows on Monday coincided with Bitcoin (BTC) failing to hold above $95,000, which was identified as a critical support level by analysts. This drop heightened the risk of the price decreasing further, potentially falling as low as $60,000.
Currently, the largest cryptocurrency is down 1%, trading at $92,458 per coin at the time of this report.
Ether ETFs Also Experience Outflows
The nine spot Ethereum funds also faced outflows on December 30, with $55.41 million exiting the funds, ending a four-day inflow streak that had accumulated $349.1 million.
Fidelity’s FETH led the outflows with $20.41 million, while Grayscale’s ETHE and Ethereum Mini Trust saw outflows of $17.36 million and $13.75 million, respectively. Franklin Templeton’s EZET experienced a more modest outflow of $3.88 million on that day.
The total trading volume for these investment vehicles amounted to $336.26 million on December 30, slightly increasing from the previous day’s $324.32 million. Additionally, the total net inflows for these ETFs stood at $2.62 billion since their launch.
The spot ETH ETFs achieved a new monthly record, surpassing $2 billion in cumulative net inflows for December. This amount nearly doubles the inflows recorded in November, which were just above $1 billion, according to data from Farside Investors.
Despite these record inflows for the month, Ether (ETH) has struggled to escape its ongoing downtrend. The leading altcoin is down 9% on the monthly chart, currently trading at $3,353.
