#Bitcoin ETF inflows hit $4.586 billion#
Hot Topic Overview
Overview
** U.S. Bitcoin Spot ETFs saw net inflows of $4.586 billion in December, with BlackRock's IBIT leading with $5.53 billion in inflows, adding 51,538 BTC to its holdings, bringing its total to 551,918 BTC. Fidelity's FBTC saw inflows of $267 million, while Grayscale saw outflows of $866 million. Overall, U.S. Bitcoin ETFs have performed strongly in 2024, with an average daily net inflow of approximately $144 million, taking six of the top ten spots among the over 400 newly launched ETFs. Notably, Grayscale's GBTC saw outflows exceeding $20 billion in 2024, while BlackRock's IBIT saw inflows exceeding $37 billion this year, far surpassing the second-place Fidelity FBTC's $12 billion. **
Ace Hot Topic Analysis
Analysis
In December 2024, U.S. Bitcoin spot ETFs saw net inflows of $4.586 billion, with BlackRock's IBIT leading the way with $5.53 billion in net inflows, adding 51,538 BTC to its holdings, bringing its total to 551,918 BTC. Fidelity's FBTC saw net inflows of $267 million, while Grayscale experienced net outflows of $866 million, with GBTC seeing outflows of $976 million and BTC inflows of $110 million. BlackRock's IBIT has seen over $37 billion in net inflows this year, far exceeding the $12 billion seen by Fidelity's FBTC, which came in second. Due to Grayscale Bitcoin Trust GBTC's net outflows exceeding $20 billion in 2024, the overall net inflow for U.S. Bitcoin ETFs was $35 billion. Additionally, BlackRock's ETHA led the way for Ethereum spot ETFs, seeing $3.5 billion in net inflows in 2024, followed by Fidelity's FETH with $1.5 billion. The report shows that U.S. Bitcoin ETFs saw an average daily net inflow of approximately $144 million this year, making them the most prominent among the over 400 new ETFs launched in 2024, occupying six of the top ten spots. Notably, despite the net outflows from Grayscale GBTC, Grayscale BTC still saw net inflows, indicating that investor enthusiasm for Bitcoin remains high. Overall, the strong performance of U.S. Bitcoin spot ETFs reflects investors' continued optimism towards the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US Bitcoin spot ETF net inflows continue to grow, with net inflows of $4.586 billion in December, of which BlackRock IBIT contributed the most, adding 51,538 BTC and net inflows of $5.53 billion.
BlackRock IBIT has seen net inflows of over $37 billion this year, far exceeding other ETFs, showing investors' trust and recognition of BlackRock.
Grayscale GBTC continues to see net outflows, with net outflows of $976 million in December, indicating investors' lack of confidence in Grayscale products.
US Bitcoin spot ETFs have been the most eye-catching among the more than 400 new ETFs launched in 2024, occupying six of the top ten, showing investors' recognition and optimism for Bitcoin ETFs.