Bitcoin ETFs Rebound With $457M as Ethereum Extends Outflow Streak

Bitcoin ETFs rebounded on December 17 with $457.29 million in net inflows after two consecutive days of outflows. The inflows came as Ethereum ETFs continued their five-day outflow streak, posting $22.43 million in net exits.

Fidelity and BlackRock Drive Bitcoin ETFs Recovery

The Fidelity Wise Origin Bitcoin Fund (FBTC) dominated the day’s activity with $391.49 million in net inflows. It added 4,550 BTC to its holdings. This brought FBTC’s cumulative inflows to $12.36 billion with total net assets of $17.59 billion.

BlackRock’s IBIT followed with $111.17 million in inflows. The firm acquired 1,290 BTC, pushing its cumulative total to $62.63 billion in net inflows.

IBIT maintains its position as the largest spot Bitcoin ETF with $66.78 billion in total net assets. The two products accounted for the entirety of positive flows on December 17, offsetting outflows from other providers.

Bitcoin ETFs trading volume reached $5.93 billion for the day. At the same time, total net assets across all products stood at $112.57 billion.

Mixed Performance Across Bitcoin ETF Providers

Several Bitcoin ETFs recorded outflows or zero activity on December 17. ARK 21Shares (ARKB) saw the largest outflow at $36.96 million, losing 430 BTC from its holdings.

ARKB holds $3.26 billion in total net assets with $1.65 billion in cumulative inflows. Bitwise’s BITB recorded $8.41 million in outflows, shedding 97.82 BTC.

Grayscale’s GBTC, which carries a premium/discount of -0.01%, reported zero flows for the day. The trust maintains -$25.11 billion in cumulative net flows and $14.29 billion in total assets.

Grayscale Bitcoin Mini Trust showed no activity. Its $1.97 billion in inflows and $4.19 billion in net assets remained unchanged.

VanEck’s HODL, Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, WisdomTree’s BTCW, and Hashdex’s DEFI all reported zero flows. All six funds ended the day with no changes in activity.

These products hold cumulative inflows ranging from $308.39 million for BRRR to $44.83 million for BTCW. DEFI remains the only product with negative cumulative flows at -$1.45 million.

Bitcoin ETFs Bounce Back From Consecutive Outflows

The December 17 inflows show a recovery for Bitcoin ETFs after two days of redemptions. On December 16, the products recorded $277.09 million in net outflows. They also saw $4.26 billion in trading volume and held total assets of $114.28 billion.

December 15 recorded larger outflows of $357.69 million with $5.29 billion traded and assets at $112.27 billion.

Before the outflow period, Bitcoin ETFs recorded $223.52 million in inflows on December 10. Their total assets reached $122.43 billion on that day.

The cumulative net inflow across all spot Bitcoin ETFs now stands at $57.73 billion. This is a slight drop from $57.93 billion recorded on December 10.

Ethereum ETFs Face Fifth Consecutive Day of Outflows

Ethereum ETFs continued their negative trend with $22.43 million in net outflows on December 17. BlackRock’s ETHA led the exits with $19.61 million, losing 6,950 ETH from its holdings.

Despite the outflow, ETHA maintains $12.85 billion in cumulative inflows. This makes it the largest Ethereum ETF by this metric.

Fidelity’s FETH recorded $2.81 million in outflows, shedding 997.81 ETH. The product holds $2.64 billion in cumulative inflows.

All other Ethereum ETF products reported zero activity for the day. This included Grayscale’s ETHE and ETH, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH.

The five-day outflow streak has pulled cumulative Ethereum ETF inflows down to $12.62 billion from $13.15 billion on December 10.

Solana ETFs Maintain Steady Inflows

Solana spot ETFs bucked the broader trend with $10.99 million in net inflows on December 17. The products have accumulated $725.91 million in cumulative inflows since launch.

Trading volume for SOL ETFs reached $67.22 million, with total net assets at $900.41 million.

The December 17 performance follows consistent positive flows throughout the week. December 16 saw $3.64 million in inflows. At the same time, December 15 recorded the week’s largest inflow at $35.20 million.

Solana ETFs posted positive flows every day from December 10 to December 17. The daily inflows ranged from $3.60 million to $35.20 million.