#Bitcoin ETF inflows hit $4.5 billion#
Hot Topic Overview
Overview
U.S. Bitcoin spot ETFs had a stellar December, with net inflows of $4.586 billion. BlackRock's IBIT led the charge, adding 51,538 BTC and seeing net inflows of $5.53 billion. Other ETFs like Fidelity's FBTC also performed well, with net inflows of $267 million. However, Grayscale's GBTC saw net outflows of $976 million, resulting in an overall outflow of $866 million. Notably, U.S. Bitcoin ETFs have averaged daily net inflows of approximately $144 million this year, making them the most prominent among the over 400 newly launched ETFs in 2024, occupying six of the top ten spots. Additionally, U.S. spot Ethereum ETFs have also performed well, with net inflows of $36 million yesterday.
Ace Hot Topic Analysis
Analysis
In December 2024, U.S. spot Bitcoin ETFs saw net inflows of $4.586 billion, with BlackRock's IBIT leading the way with $5.53 billion in net inflows. Other major Bitcoin ETFs, such as Fidelity's FBTC, saw net inflows of $267 million, while Grayscale experienced net outflows of $866 million. Overall, U.S. Bitcoin ETFs performed brightly in 2024, with an average daily net inflow of approximately $144 million, occupying six of the top ten spots among the over 400 newly launched ETFs that year. Notably, Grayscale Bitcoin Trust GBTC saw net outflows exceeding $20 billion in 2024, potentially due to investor concerns about the trust's future prospects. Additionally, U.S. spot Ethereum ETFs also performed strongly in December, with net inflows of $36 million yesterday.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin spot ETF has become one of the hottest ETF products in 2024, attracting a large influx of funds.
BlackRock's IBIT has become the most popular Bitcoin spot ETF, with net inflows exceeding $37 billion this year.
Grayscale GBTC has seen net outflows of over $20 billion, indicating declining investor confidence in the product.
Ethereum spot ETFs have also performed well, with BlackRock's ETHA seeing net inflows of $3.5 billion this year.