December came with a big bang from the crypto world as Bitcoin recorded a huge price gain, hitting the 100 mark and even going beyond. While Bitcoin took center stage in the last month of 2024, exchange-traded funds have somewhat been relegated, but recent news has shown that Bitcoin ETFs are starting to grab headlines. 

Thursday brought very good news for Bitcoin ETFs. Data from SoSoValue showed that Bitcoin ETFs have recorded $475.15 million of inflows. While this is not the first time Bitcoin ETFs have seen this kind of inflows what makes this one surprising is that the inflows came right after four days of negative outflows that saw over $1.5 billion leave the funds. 

Reports show that Fidelity’s FBTC saw the highest of the inflows with about $254.37 million recorded. FBTC was followed by ARK’s 21Shares ARKB which clinched $186.94 million in inflows. 

Bitcoin ETF industry leader BlackRock, after buying up $56.51 million worth of BTC, also attracted an inflow of $56.51 million with its IBIT ETF. Grayscale’s Bitcoin Mini Trust also got in on the action with a more modest $7.19 million, while VanEck’s HODL also gained $2.7 million. 

While the news of inflows broke the internet, the next day was not so good for many of these ETFs, as they immediately recorded somewhat significant outflows. Grayscale’s GBTC saw $24.23 million wiped off, while Bitwise’s BITB lost $8.32 million in outflows. While the other five BTC ETFs did not experience negative outflows, they also failed to record any positive inflows, and all ended up recording zero flows. 

As of December 26, the total trading volume recorded for these investment products was at $2.13 billion, a close match to the $2.16 billion seen the previous day. 

In similar news, BTC ETF’s next cousin also recorded some positivity. December 26 was also a good day for Ethereum ETFs, as they recorded a collective inflow of $117.09 million, marking a complete three-day run of positive inflows. This result brought the total amount of the 3-day streak to more than $301 million. 

Breaking down ETH ETF’s positive run, Fidelity’s FETH recorded the highest inflows, with over $82.96 million entering the fund. Blackrock’s ETHA came in second to maintain the positive run with a $28.28 million inflow. Grayscale’s Ethereum Mini Trust came in with a more modest $5.95 million inflows, while the other six ETH ETFs stayed at zero on the day. 

While Exchange-traded funds' performance is more volatile than that of their cryptocurrency counterparts, they seem to be on a good path to what could be a perfect end-of-the-year performance.

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