As the Market Experiences Liquidity Shortages, Outflows Are Also Occurring from Bitcoin and Ethereum ETFs! Here Are the Latest Data
According to SoSoValue data, outflows continue from US-based cryptocurrency spot ETFs. Data released on December 25th showed a total net outflow of $175 million from Bitcoin spot ETFs.
Thus, the market recorded net outflows for the fifth consecutive trading day. The largest outflow of the day was seen in BlackRock’s IBIT fund, with $91.37 million, while Grayscale’s GBTC fund experienced a net outflow of $24.62 million.
Currently, the total assets of all Bitcoin spot ETFs in the market have reached approximately $113.8 billion. This amount corresponds to 6.51% of Bitcoin’s total market capitalization. The cumulative net inflow recorded by the funds to date is at $56.9 billion. However, recent outflows indicate that investors are adopting a more cautious approach in the short term.
A similar trend is observed in Ethereum spot ETFs. According to SoSoValue data, a total net outflow of $52.7 million was recorded from Ethereum spot ETFs on December 24th. The highest outflow of the day was recorded in Grayscale’s ETHE fund, at $33.78 million. In contrast, only Grayscale’s mini Ethereum ETF, ETH, stood out with a positive inflow of $3.33 million.
Currently, Ethereum spot ETFs have a total net asset value of $17.86 billion. This represents approximately 5.03% of Ethereum’s total market capitalization. The funds’ cumulative net inflow to date is estimated at $12.38 billion.
Experts say that increased volatility, profit-taking, and macroeconomic uncertainties as the year draws to a close have triggered outflows from ETFs. Market players are closely watching whether ETF flows will regain strength in the coming period, depending on the direction of US interest rate policies and institutional interest in the crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Here’s why BlackRock believes autonomous AI systems will drive next stablecoin boom
BlackRock expects exchange-traded compute futures as it pitches stablecoins for AI agents
Report: TSMC to Raise Wafer Foundry Prices by 3% to 6% Starting January Next Year, Order Visibility Extended to 2030
According to media reports, TSMC's advanced and high-priced processes such as 2nm and 3nm have seen the largest price increases; mature and specialty processes are subject to individual negotiation based on products, capacity utilization, and customer conditions. Currently, TSMC's 8-inch fabs have a capacity utilization rate exceeding 100%, and processes below 45nm are at full capacity. The construction of AI data centers is not only driving demand for GPU and HBM, but also boosting orders for mature processes such as PMIC, MCU, and analog ICs.
U.S. Treasury plans to repurchase up to $6 billion in long-term bonds, 30-year yield hits highest since 2007
This is the second round of enhanced long-term bond buybacks by the Treasury, this time focusing on 20- to 30-year government bonds. After the announcement of the planned upper limit, the yield on 30-year U.S. Treasury bonds continued to rise, at one point exceeding 5.4%. In the first round of enhanced buybacks two weeks ago, the upper buyback target was also $6 billion, which was lower than some market participants had expected, and the actual buyback amounted to only $5.2 billion due to insufficient competitive bidding, according to the Treasury.
Crypto prices
More
