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  HOME PAGE 28/12/2024 08:23 
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The Bitcoin ETF market has received millions of dollars in investments.

The Bitcoin ETF market has received millions of dollars in investments.

27.12.2024 15:42

U.S. Bitcoin ETFs are recovering with a net inflow of $475.2 million after four days of losses. Leading funds like Fidelity and ARK are boosting investor confidence and market momentum.

Bitcoin exchange-traded funds (ETFs) in the United States have shown a significant recovery after four days of losses following the Christmas holiday. This turnaround, marked by a net inflow of $475.2 million, indicates a revival in the markets and has managed to attract the attention of investors.

FUNDS LED BY FIDELITY AND ARK ARE REVITALIZING THE MARKET

Bitcoin exchange-traded funds trading in the United States have started to recover the losses experienced after the Christmas holiday. Significant amounts of new capital inflow were observed in transactions on December 26.

Recently shaken by an outflow of $1.5 billion, Bitcoin ETFs reached a net inflow of $475.2 million on December 26. The Fidelity Wise Origin Bitcoin ETF showed the highest performance with an inflow of $254.4 million, while the ARK 21Shares Bitcoin ETF ranked second with $186.9 million. BlackRock's iShares Bitcoin Trust ETF also stood out among the funds with a net inflow of $56.5 million.

Other players in the market, such as Grayscale's mini Bitcoin ETF and the VanEck ETF, contributed to the recovery with inflows of $7.2 million and $2.7 million, respectively.

While these developments were taking place, the value of Bitcoin declined from $98,000 to $96,000, experiencing a 2.2% loss. On the Ethereum front, ETFs demonstrated strong performance with a net inflow of $301.6 million. Particularly, Ethereum funds managed by Fidelity became the center of attention for investors.

As the year comes to a close, the total asset value and net inflows of cryptocurrency ETFs present an impressive picture. Bitcoin ETFs are preparing to close the year strongly with $35.94 billion, while Ethereum-focused funds are closing the year with a net inflow of $2.63 billion.



 
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