On December 16, Bitcoin and Ethereum spot ETFs continued to experience significant inflows, reflecting robust institutional demand. The total net inflow for Bitcoin spot ETFs reached $637 million, marking the 13th consecutive day of positive inflows. The largest single-day inflow was recorded by BlackRock’s IBIT ETF, which saw $418 million in net inflows.
Ethereum spot ETFs also maintained their momentum, with a total net inflow of $51.13 million on the same day. This marks the 16th consecutive day of net inflows for Ethereum-based products. BlackRock’s ETHA ETF led the category with a single-day net inflow of $30.72 million.
The sustained inflows into Bitcoin and Ethereum spot ETFs highlight growing institutional confidence in crypto investment products as the market heads into 2024.
Analysts suggest that the recent influx is being driven by optimism surrounding regulatory clarity, increased adoption of crypto-backed financial products, and expectations of a favorable macroeconomic environment.
BlackRock’s dominance in both Bitcoin and Ethereum ETF inflows underscores its influential role in bridging traditional finance with the cryptocurrency sector, further legitimizing digital assets as a maturing asset class.
