Bitcoin (BTC) Exchange-Traded Fund (ETF) inflows have slowed since the last week of December

Bitcoin ETF inflows have slowed since the last week of December, as investors shifted their focus to the end-of-the-year festivities.

Bitcoin exchange-traded funds (ETFs) saw outflows on seven out of the eight trading days to start the new year, تازه ترین داده ها نشان می دهد.

The collective outflows from Bitcoin ETFs stood at $242.3 million on January 2, the data showed. Only two of the 10 listed Bitcoin funds saw outflows on the second day of the year, with the rest adding to their coffers.

Among the two funds, Blackrock’s IBIT, the largest Spot Bitcoin Fund, saw the bulk of the outflows at $332.6 million. This also marks the highest-ever single-day outflows for IBIT since its launch.

Prior to the outflows on January 2, the largest outflows seen by a Bitcoin ETF were $188.7 million by IBIT on December 24. The only other spot Bitcoin fund to register outflows on January 2 was Grayscale’s GBTC with $23.1 million.

This is also the first time since its launch that IBIT has registered three consecutive outflow days in a row, highlighting a potential shift in investors’s sentiment moving forward.

However, some market specialists believe that this negative movement was to be expected, given the strong performance of Spot Bitcoin Funds in 2023.

"Bitcoin ETFs had a great year of inflows in 2023. Outflows now, which ETF people will freak out about, are to be expected. Maybe even needed," wrote Eric Balchunas, senior ETF analyst at Bloomberg, در توییتر.

The maximum inflows ever recorded by IBIT stand at $1.11 billion in deposits, which were registered on November 7.