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BTC ETFs Record $353M Daily Inflows, But Price Declines Persist Across Key Funds

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Bitcoin ETFs Surge to $20 Billion in Assets, Outpacing Gold ETFs in Growth

  • Bitcoin ETFs recorded $353.67 million daily inflows, bringing total net assets under management to $103.91 billion.
  • BlackRock’s IBIT ETF led the market with $48.00 billion in assets and $338.33 million in daily inflows.
  • Grayscale and Fidelity ETFs saw varied results, with inflows and outflows affecting asset levels and market prices.

In a recent update by SoSoValue, BTC exchange-traded funds (ETFs) have recorded different market movements and trading actions as of December 2. The total daily net inflow gained $353.67 million, bringing cumulative net inflows of $31.06 billion. Total net assets under management across all ETFs amounted to $103.91 billion, conveying 5.49% of Bitcoin’s market cap, while trading activity remained strong, with a total value traded of $3.91 billion.

BlackRock Leads ETFs: $48B Assets, $338M Inflow

Among the ETFs, BlackRock's IBIT ETF dominates with $48.00B in net assets, capturing 2.54% of Bitcoin's market share. The fund recorded the highest 1-Day Net Inflow of $338.33M. However, its market price declined by 1.32%, closing at $54.48, with $2.88B in trading volume.

Source: SoSoValue

Grayscale’s GBTC ETF manages $20.59B in net assets, representing 1.09% of Bitcoin's share. It saw a daily outflow of $28.11M. Despite this, its market price ended at $76.03, declining by 1.38%, with $233.22M traded. Fidelity’s FBTC ETF holds $18.99B in net assets and gained $25.14M in daily inflows. The market price fell 1.43% to $83.70, while trading volume reached $378.07M.

ARKB Gains $17M as ETF Prices Slip Across Board

The ARKB ETF, managed by Ark & 21Shares, has $4.70B in net assets. It gained $17.24M in inflows but saw its market price drop by 1.37% to $95.64. Trading activity totaled $170.01M.

Bitwise’s BITB ETF holds $3.94B in net assets without reporting any daily inflows or outflows. Its market price closed at $52.15, down 1.47%, with $102.00M traded.

VanEck's HODL ETF registered $1.30B in net assets with an outflow of $10.85M. Its price dropped by 1.33% to $108.32, with $27.99M traded. Other notable ETFs include Valkyrie’s BRRR with $891.74M in assets, Invesco’s BTCO with $418.63M, and Franklin’s EZBC ETF managing $461.64M. Each fund recorded minor price declines, with trading volumes ranging from $8.77M to $34.11M.

The post BTC ETFs Record $353M Daily Inflows, But Price Declines Persist Across Key Funds appeared first on Crypto News Land.


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