The post-Christmas miracle when Bitcoin ETFs moved in after a 4-day bloodbath
US bitcoin exchange-traded funds (ETFs) saw net inflows on the day after Christmas, blocking outflows totaling more than $1.5 billion for four trading days.
The 11 ETFs saw $475.2 million in revenue on Dec. 26, with $254.4 million worth going into the Fidelity Wise Origin Bitcoin Fund on CoinGlass.
Following the ARK 21Shares Bitcoin ETF with an inflow of $186.9 million, BlackRock's iShares Bitcoin Trust ETF (IBIT) took in $56.5 million.
Greyscale's mini Bitcoin ETF and VanEck's ETF also saw modest gains of $7.2 million and $2.7 million, respectively.
U.S. markets are closed Dec. 25 for the Christmas holiday, so the inflow follows four consecutive trading days of net outflows from ETFs between Dec. 19 and Dec. 24, totaling $1.52 billion.
All Bitcoin ETF earnings since their launch in January. Source: CoinGlass
IBIT saw its biggest single-day net outflow of $188.7 million on December 24, doubling the previous record of $72.7 million held on December 20.
Bitcoin (BTC) has fallen 2.2% in the past day, falling from around $98,000 to over $96,000 at the time of writing.
CoinGlass shows that Ether (ETH) ETFs saw their third consecutive trading day with a combined net income of $301.6 million during that period.
As of December 26, ETH funds took in $117.2 million, again led by Fidelity's ETF with $83 million worth of net inflows.
BlackRock's iShares Ethereum Trust ETF followed with $28.2 million, while Grayscale's ETH Trust took $6 million.
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ETH was down 1.7% to $3,400 last day. Unlike the market leader, it has lagged behind Bitcoin in the past two months as it failed to break new all-time highs.
Unlike the 24-hour, never-disappear assets tracked by crypto ETFs, the funds only have three trading days this year – December 27, 30 and 31.
In its first year to date, Bitcoin ETFs have seen total net income of $35.9 billion with assets under management (AUM) of $111.9 billion.
Ether ETFs, on the other hand, took in $2.63 billion in net income for the year and have around $12 billion in AUM.
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