Bitcoin ETFs See Record Inflows of $439.5M, Total Inflows Surpass $34B

Bitcoin exchange-traded funds (ETFs) in the United States have hit a new milestone, with spot Bitcoin ETFs recording $439.5 million in inflows on December 10. This marks the ninth consecutive day of inflows, with total net inflows into these investment products now surpassing an impressive $34 billion.

According to data from SoSoValue, the 12 spot Bitcoin ETFs on the market collectively brought in $439.56 million on Tuesday, extending their streak of inflows. Over the last nine days, these funds have seen over $4 billion in new capital. This growth comes as institutional and retail investors increasingly view Bitcoin ETFs as a more accessible and regulated vehicle for Bitcoin exposure.

Dominant Players in Bitcoin ETF Inflows

The most significant contributor to these inflows continues to be BlackRock’s iShares Bitcoin Trust (IBIT), which saw $295.63 million in inflows on December 10. This marks the eighth straight day that IBIT has led the pack, reflecting its dominance in the Bitcoin ETF space.

Other notable funds that have experienced strong inflows include Fidelity’s FBTC, which attracted $210.48 million, and ARK 21Shares’ ARKB, which received $5.77 million. Grayscale Bitcoin Mini Trust and Hashdex’s DEFI fund also saw smaller contributions of $6.42 million and $1.1 million, respectively, further fueling the positive momentum.

Outflows from Certain Funds

While the overall sentiment for Bitcoin ETFs has been bullish, there were a few exceptions. Grayscale’s Bitcoin Trust (GBTC) experienced outflows of $62.82 million, while Invesco’s BTCO saw $11.56 million in outflows. VanEck’s HODL fund also saw a decrease of $5.45 million, contributing to a slight offset in the overall inflow numbers.

Despite these minor setbacks, the overall total for Bitcoin ETF inflows has surpassed the $34 billion mark for the first time. As of December 10, the trading volume for the 12 Bitcoin ETFs stood at $3.78 billion, slightly lower than the previous day’s volume of $4.35 billion, indicating a slight cooling in trading activity.

Bitcoin's Market Performance

At the time of writing, Bitcoin was trading slightly sideways, hovering just below the $100,000 mark. Despite minor fluctuations, Bitcoin continues to maintain its strong performance, drawing significant attention from both institutional and retail investors alike. The continued inflows into Bitcoin ETFs reflect growing optimism and confidence in the future of Bitcoin as an asset class.

Ethereum ETFs Experience Surge in Inflows

In addition to Bitcoin ETFs, Ethereum exchange-traded funds (ETFs) are also seeing a surge in investor interest. On December 10, spot Ethereum ETFs recorded $305.74 million in net inflows, marking a significant spike of over 100% compared to the $149.79 million recorded the previous day. This makes it the third-highest inflow day on record for Ethereum ETFs, behind only December 5 and November 29.

The largest contributor to Ethereum ETF inflows was Fidelity’s FETH, which attracted $202.23 million. BlackRock’s ETHA followed with $81.66 million, while Grayscale’s Ethereum Mini Trust saw $25.84 million in new investments. The total net inflows for Ethereum ETFs as of December 10 reached $1.87 billion, further solidifying Ethereum’s place as a leading asset in the crypto space.

Outflows from Grayscale's Ethereum Trust

However, Grayscale’s Ethereum Trust (ETHE) was the only fund to report outflows, with $3.99 million leaving the fund. Since its inception, ETHE has experienced total outflows of $3.5 billion, raising questions about the fund’s future as other more competitive Ethereum ETF options gain traction in the market.

As Ethereum’s price hovers around $3,658 per coin, with a 1.2% drop over the past 24 hours, the overall growth in Ethereum ETFs suggests that institutional investors are increasingly seeking diversified exposure to the leading smart contract platform.

What This Means for the Future

The continued inflows into both Bitcoin and Ethereum ETFs highlight a growing confidence in cryptocurrencies, particularly Bitcoin, as a long-term investment. As Bitcoin approaches the $100,000 mark, these ETFs provide a regulated and accessible route for investors to gain exposure to the digital asset, further embedding it in the traditional financial ecosystem.

With more institutional money flowing into the crypto space, these ETFs could continue to be a critical component of the investment landscape for years to come. As both Bitcoin and Ethereum ETFs record unprecedented inflows, the trend signals strong investor appetite for cryptocurrency products, with the potential for further growth as the market matures.

As the crypto sector evolves and mainstream adoption increases, the role of Bitcoin and Ethereum ETFs will likely continue to grow, offering investors a way to capitalize on the emerging digital economy while diversifying their portfolios.