Exchange-traded Bitcoin funds in the United States continued to outflow on December 30, with Bitcoin remaining below $93,000.
According to facts According to SoSoValue, the 12 spot Bitcoin ETFs recorded outflows of $426.13 million on December 30, extending their outflow streak to two consecutive days of $723.8 million disappearing from the fund.
Fidelity’s FBTC saw the highest outflows of the day with a $154.64 million withdrawal from the fund, while Grayscale’s GBTC followed with an outflow of $134.5 million.
Additional outflows were seen from BlackRock’s IBIT, Grayscale Bitcoin Mini Trust, Bitwise’s BITB and ARK 21Shares’ ARKB which left the fund with $36.52 million, $31.73 million, $31.37 million and $26.4 million respectively.
Valkyrie’s BRRR also saw a modest outflow of $10.96 million on the day. Reportedly, none of the BTC ETFs saw inflows that day.
Total daily trading volume for the twelve investment products was $3.14 billion on December 30, slightly higher than the $3.02 billion the day before.
Meanwhile, Monday’s significant outflow came as Bitcoin (BTC) failed to hold a key support level at $95,000 as identified by analysts. This breakdown increases the risk of the price falling further, possibly falling to $60,000.
The world’s largest cryptocurrency remains down 1% in value to $92,458 per coin at the time of writing.
Ether ETFs are also starting to see outflows
The nine spot Ethereum funds also experienced an outflow day on December 30 $55.41 million they exited the fund, ending their four-day inflow that had brought $349.1 million into the fund.
Fidelity’s FETH led the way with outflows of $20.41 million, while Grayscale’s ETHE and mini Ethereum Trust saw outflows of $17.36 million and $13.75 million, respectively. Franklin Templeton’s EZET saw a more modest outflow of $3.88 million on the day.
Total trading volume for these investment vehicles was $336.26 million on December 30, slightly higher than the $324.32 million on the previous trading day. Total net inflows into these ETFs also amounted to $2.62 billion since the launch date.
Spot ETH ETFs reached a new monthly milestone, surpassing cumulative net inflows of $2 billion in December. This figure almost doubles November’s inflows, which totaled just over $1 billion facts from Farside Investors.
Despite record inflows during the month, Ether (ETH) has failed to break away from the current downtrend. The largest altcoin fell 9% on the monthly chart and was trading at $3,353 at the time of writing.
