๐จ#BitcoinETFs Record Nearly $500 Million in Inflows After Christmas Holidays! ๐จ
๐ฅ Here's some interesting news! After the Christmas holidays, Bitcoin ETFs in the US have again recorded significant inflows, almost touching the $500 million mark! ๐
After 4 consecutive days of outflows of up to $1.52 billion before Christmas, the Bitcoin ETF market has finally rebounded. The Fidelity Wise Origin Bitcoin Fund (FBTC) led with $254.4 million, followed by the ARK 21Shares Bitcoin ETF (ARKB) with $186.9 million. ๐คฏ๐ฐ
However, not everything was smooth sailing. BlackRock's iShares Bitcoin Trust (IBIT) also saw an increase in inflows of $56.5 million, despite previously recording the largest outflow of $188.7 million. Meanwhile, Grayscale and VanEck recorded smaller inflows, at US$7.2 million and US$2.7 million, respectively. ๐ค
๐ฎ 2024 Performance
Bitcoin ETFs this year recorded net inflows of US$35.94 billion, with total assets under management (AUM) reaching US$111.87 billion. Quite impressive, right?
However, we must be careful! ๐ง There are only three trading days left before the new year, and we do not yet know whether this inflow trend will continue or reverse. Will there be any negative surprises at the end of the year? ๐ด
Let's wait for further developments and stay alert! ๐