On December 18, 2024, Bitcoin and Ethereum spot ETFs recorded notable net capital inflows of $275.39 million and $2.45 million, respectively, according to SoSo Value. This marks the 15th and 18th consecutive trading days of positive capital flow for Bitcoin and Ethereum ETFs.

Bitcoin Spot ETFs: Dominated by iShares Bitcoin Trust

In the U.S. Bitcoin spot ETF market, the iShares Bitcoin Trust (IBIT) stood out with a significant inflow of $359.63 million. Meanwhile, four other Bitcoin spot ETFs experienced minor outflows. This streak represents the second-longest period of positive flows for Bitcoin ETFs since trading began, with the record being 19 consecutive days in May-June 2024.

Ethereum Spot ETFs: BlackRock Leads the Pack

A similar trend is evident in Ethereum spot ETFs, where only one product—also by BlackRock—reported net inflows. The remaining three products recorded minor capital outflows. Despite a reduced daily inflow compared to previous days, Ethereum ETFs have maintained positive dynamics for 18 consecutive trading sessions.

Market Context: Resilience Amid Crypto Downturn

The continued inflow into Bitcoin and Ethereum spot ETFs occurs against the backdrop of a broader crypto market downturn, which followed the U.S. Federal Reserve’s recent interest rate decision. The declining market sentiment has led to reduced daily inflow volumes in both segments, yet investor confidence in these ETFs remains strong.

Outlook: A Bullish Signal Amidst Uncertainty?

The sustained inflows into Bitcoin and Ethereum spot ETFs highlight growing institutional trust in these products, even during volatile market conditions. With BlackRock-backed ETFs leading the charge, these funds could play a pivotal role in shaping long-term investor sentiment.

Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice.