BlackRock ETF ends year with 4th outflow of the month amid quiet day
Bitcoin spot ETFs posted $5.32 million in net inflows on Dec. 31, according to Farside Investors. Fidelity led with $36.8 million in inflows, while Bitwise followed at $8.7 million.
BlackRock recorded $23.5 million in outflows, bringing the total number of outflow days in December to four. Ark shed $11.2 million, Grayscale saw a $9.6 million exit, and Grayscales mini-BTC ETF saw $4.1 million in inflows. Industry-wide flows settled at $5.3 million after offsetting movements across these products.
As the year closed out, cumulative net inflows for 2024 reached $35.24 billion, the total value traded stood at $2.25 billion, and total net assets were $105.4 billion. Spot Bitcoin ETFs launched in January 2024, with BlackRock and Fidelitys funds breaking records as two of the most successful new ETF launches in history.
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Text source: CryptoSlate
