Bitcoin ETFs in the U.S. recorded impressive inflows, pulling in over $1.3 billion in just two days, coinciding with Bitcoin’s climb to a new all-time high of $103,551, as per CoinMarketCap data. However, the excitement was short-lived, as Bitcoin’s price has since dropped to $98,088 at the time of writing, after briefly touching lows near $93,000.
December 4: $556.82 Million in Inflows
Wednesday saw Bitcoin ETFs attract a total of $556.82 million in inflows. BlackRock’s IBIT fund led the charge with $571.7 million in net additions, followed by Grayscale’s BTC fund, which added $55.7 million. Fidelity’s FBTC and Bitwise’s BITB funds also recorded inflows of $17.3 million and $6.4 million, respectively.
Grayscale’s GBTC fund, however, bucked the trend, registering outflows on the day. Other funds, including offerings from VanEck, Valkyrie, and ARK Invest, reported no activity in terms of inflows or outflows.
December 5: $766.66 Million in Inflows
Thursday brought even more inflows, with $766.66 million added across the Bitcoin ETFs. BlackRock’s IBIT fund once again dominated, bringing in $770.51 million. Grayscale’s BTC and Fidelity’s FBTC followed with $95.35 million and $47.47 million, respectively.
ARK Invest’s ARKB joined the inflow trend, adding $12.32 million worth of Bitcoin. Not all funds had a positive day, though, as Grayscale’s GBTC saw outflows totaling $148.78 million, while Bitwise’s BITB recorded $10.22 million in outflows.
Volatillity
The jump in ETF inflows happened just as Bitcoin hit $100,000 for the first time, a big moment that got everyone talking. But Bitcoin’s price didn’t stay above that level for long, dropping back below $100,000 soon after, showing just how unpredictable the market can be.
We’ll keep an eye on daily ETF activity here at HowToBuyBitcoin.org and share updates to help you stay on top of what’s happening in the Bitcoin investment world.