Does Santa have a weakness for Bitcoin? In any case, on December 26, the cryptosphere was treated to a breath of fresh air. After four days of massive losses, US Bitcoin ETFs finally recorded positive net flows. With $475.2 million injected in one day, it was the investors themselves who seemed to have responded to the Christmas bells.
Bitcoin ETFs return to positive flows
Bitcoin news: after a worthy weeka bad financial thriller, US BTC ETFs saw massive contributions on December 26. To them alone, 11 funds raised $475.2 millionwith Fidelity in the lead, attracting 254.4 million. ARK 21Shares follows with 186.9 million, while BlackRock and its iShares Bitcoin Trust are satisfied with a respectable 56.5 million.
Small players like Grayscale and VanEck share crumbs of 7.2 and 2.7 million respectively.
This renewed interest contrasts with the hemorrhage recorded from December 19 to 24: 1.52 billion dollars evaporated. Of note, the iShares Bitcoin Trust had its worst day ever on December 24, with $188.7 million going out.
- Total flows on December 26: $475.2 million;
- Fidelity contribution: $254.4 million;
- ARK 21Shares: $186.9 million;
- BlackRock: $56.5 million;
- Mini-recoveries at Grayscale and VanEck.
So, even in crypto, everything comes to those who wait, a frustrated trader might have joked.
Ethereum remains in the shadow of Bitcoin
Bitcoin steals the show, but Ethereum ETF also experienced a small moment of grace. Between December 24 and 26, they garnered $301.6 million in net flowsincluding 117.2 million on December 26 alone.
Fidelity leads the way again with 83 million, BlackRock follows at 28.2 million, and Grayscale brings up the rear with 6 million.
However, all is not rosy for the ETH crypto. While the price of BTC was flirting with peaks two months ago, Ethereum is struggling to stand out, stagnating below $3,400. A reminder that the star of the moment undoubtedly remains Bitcoin.
If Christmas offered Bitcoin a welcome rise, the famous “Santa Claus rally” will not have taken place. The psychological threshold of $100,000 remains out of reach, to the great regret of BTC investors.
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