New Year’s ETF Action: Bitcoin and Ether Funds Close 2024 With Modest Gains

CN
4 days ago

On Tuesday, Dec. 31, 2024, the 12 bitcoin ETFs together gathered $5.32 million in newly absorbed inflows, according to sosovalue.com metrics. Most of this came from Fidelity’s FBTC, which led the pack with $36.81 million in inflows. Trailing behind were Bitwise’s BITB, which added $8.68 million, and Grayscale’s Bitcoin Mini Trust, which collected $4.14 million.

However, some funds had an off day. Blackrock’s IBIT shed $23.45 million, while Ark Invest and 21shares’ ARKB lost $11.23 million. Grayscale’s flagship GBTC fund also declined, with $9.63 million flowing out. Over the year, IBIT had accumulated a hefty $37.25 billion in inflows, even as GBTC recorded an outflow of $21.5 billion.

By the end of New Year’s Eve, trading volume among the 12 funds reached $2.25 billion. The day’s $5.32 million inflow lifted the total net inflows since Jan. 11, 2024, to $35.24 billion. As of Jan. 1, 2025, these funds collectively managed $105.40 billion in BTC reserves, representing 5.69% of bitcoin’s overall market value.

Sosovalue.com stats show ether ETFs outperformed on Dec. 31, with $35.93 million in new inflows. Trading activity across the nine ether ETFs reached $313.11 million that day. Fidelity’s FETH once again claimed the crown, bringing in $31.77 million, followed by Grayscale’s Ethereum Mini Trust with $9.77 million. Meanwhile, Grayscale’s larger ETH fund, ETHE, saw $5.61 million exit, offsetting some of the day’s gains.

The ether ETFs’ cumulative net inflows since July 23, 2024, now stand at $2.66 billion. Blackrock’s ETHA topped 2024’s charts, pulling in $3.52 billion in total inflows, while ETHE lost $3.64 billion over the same period. As of Jan. 1, 2025, the nine funds hold $12.12 billion in ether, equivalent to 3.01% of the asset’s market capitalization.

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