On December 23, the outflow from spot Bitcoin-based exchange-traded funds amounted to $226.6 million. This negative trend continued for the third consecutive day, with a total of $1.18 billion withdrawn.
The cumulative inflow since the approval of BTC-ETFs in January has decreased to $35.83 billion.
AUM of the products stands at $105.1 billion — 5.7% of the digital gold’s market capitalization.
ETH-ETF
On December 23, investors directed $130.8 million into spot Ethereum-ETFs.
Previously, there were outflows for two consecutive days. Before that, clients invested $2.45 billion in these instruments over 18 days.
Since their launch, the exchange-traded funds have attracted $2.46 billion.
AUM amounts to $12.05 billion.
According to Sygnum’s calculations, each $1 billion inflow into BTC-ETFs pushes Bitcoin up by 3-6%.
Previously, YouHodler platform’s top manager Ruslan Lienkha pointed out the potential for including staking in Ethereum-ETFs. Bernstein shares this view.
Some experts believe that the success of ETH-ETFs could propel the second-largest cryptocurrency by market capitalization to a new all-time high.