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Could Santa Claus have a weakness for Bitcoin? In any case, on December 26, the crypto sphere experienced a breath of fresh air. After four days of massive losses, U.S. Bitcoin ETFs finally recorded positive net flows. With $475.2 million injected in a single day, it seems the investors themselves responded to the tolling of Christmas bells.
Bitcoin ETFs Reconnect with Positive Flows
The Bitcoin news: after a week worthy of a bad financial thriller, U.S. BTC ETFs saw massive inflows on December 26. Alone, 11 funds collected $475.2 million, with Fidelity leading the way, attracting $254.4 million. ARK 21Shares follows with $186.9 million, while BlackRock and its iShares Bitcoin Trust settle for an honorable $56.5 million.
Small players like Grayscale and VanEck share crumbs of $7.2 and $2.7 million, respectively.
This renewed interest contrasts sharply with the hemorrhage recorded from December 19 to 24: $1.52 billion evaporated. Notably, the iShares Bitcoin Trust had its worst historical day on December 24, with $188.7 million withdrawn.
- Total flows on December 26: $475.2 million;
- Fidelity’s contribution: $254.4 million;
- ARK 21Shares: $186.9 million;
- BlackRock: $56.5 million;
- Mini-recoveries at Grayscale and VanEck.
As they say, even in crypto, everything comes to those who wait, a frustrated trader might have joked.
Ethereum Remains in Bitcoin’s Shadow
Bitcoin steals the spotlight, but Ethereum ETFs also had a brief moment of grace. Between December 24 and 26, they recorded $301.6 million in net flows, including $117.2 million on December 26 alone.
Fidelity leads the dance again with $83 million, BlackRock follows with $28.2 million, and Grayscale brings up the rear with $6 million.
However, not everything is rosy for ETH crypto. While the BTC price was flirting with highs two months ago, Ethereum struggles to stand out, stagnating below $3,400. A reminder that the star of the moment remains undeniably Bitcoin.
If Christmas provided Bitcoin with a welcome rise, the famous “Santa Claus rally” did not occur. The psychological threshold of $100,000 remains out of reach, much to the dismay of BTC investors.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
