Spot Bitcoin ETFs in the United States See Tenth Consecutive Day of Inflows as BTC Climbs Back Above $100K Mark

Spot Bitcoin exchange-traded funds in the United States recorded their tenth consecutive day of inflows on Dec. 11, with $223.03 million entering the funds

Spot Bitcoin exchange-traded funds (ETFs) in the United States saw another round of inflows on Dec. 11, marking the tenth consecutive day of net inflows for the funds.

According to data from SoSoValue, a total of $223.03 million entered the funds on Monday as Bitcoin recovered and climbed back above the $100,000 mark. Among the funds, Fidelity’s FBTC saw the highest inflows with $121.9 million, extending its streak of inflows to ten days.

ARK and 21Shares’ ARKB fund also received a significant amount of inflows at $52.67 million, while Grayscale’s GBTC saw inflows of $20.13 million.

Furthermore, Grayscale Bitcoin Mini Trust, Biwise’s BITB, and VanEck’s HODL funds received inflows of $15.74 million, $12.16 million, and $2.87 million, respectively.

However, Valkyrie’s BRRR fund was the only fund to report outflows on the day, with $2.44 million in outflows.

Meanwhile, other BTC ETFs, including BlackRock’s IBIT, which has seen inflows of $35.06 billion since its launch, remained neutral on Dec. 11.

The total trading volume for Bitcoin investment products stood at $3.94 billion on Monday, slightly lower than the $3.97 billion recorded the previous day. As of the report, total net inflows into the 12 BTC ETFs amounted to $34.58 billion.

These inflows coincided with Bitcoin’s recent rally, which saw the crypto asset surpass $100,000, reaching a high of approximately $102,000. This increase came as recent U.S. inflation data raised expectations of a potential interest rate cut by the Federal Reserve.

At press time, Bitcoin (BTC) is trading at $100,769 per coin, showing an increase of 3.3% over the past 24 hours.

Ether ETF inflows slow down

Spot Ethereum ETFs saw a slowdown in net inflows on Dec. 11, with $102.03 million recorded — a significant 66% drop from the $305.74 million seen the previous day.

According to data from SoSoValue, BlackRock’s ETHA fund attracted the majority of inflows, with $74.16 million entering the fund. Grayscale Ethereum Mini Trust followed, bringing in $13.38 million.

Other contributors included Biwise’s ETHW, VanEck’s ETHV, and Franklin Templeton’s EZET, which saw inflows of $8.23 million, $5.6 million, and $2.91 million, respectively.

However, Grayscale’s ETHE fund reported outflows of $2.26 million on Dec. 11, bringing its total outflows since launch to $3.5 billion.

Cumulative net inflows for Ethereum ETFs stood at $1.97 billion at the time of reporting.

Ethereum (ETH) also experienced a price increase, trading at $3,916 per coin, up 7.2% over the past day. The broader cryptocurrency market was also on an upward trend, with total market capitalization rising 3.7% to $3.81 trillion.