Bitcoin ETF Sees Renewed Momentum as Fidelity’s FBTC Leads with $254M Inflow

US Spot Bitcoin ETFs bounced back on December 26 after a big week of outflows.

Fidelity’s FBTC led the way with $254.4 million in, Ark’s ARKB with $186.9 million and BlackRock’s IBIT with $56.6 million. Total inflows for the day were $475.2 million after outflows of $1.51 billion from December 19-24.

This is a sign of investor confidence after a volatile few weeks. Institutions are back in, and not just for Bitcoin ETFs. They’re also in for Ethereum ETFs which saw $117.2 million in inflows led by Fidelity’s FETH.

Bitcoin Struggles Despite Positive ETF Inflows

Bitcoin prices didn’t move much, trading at $94,975, down 3% on the day. Volumes were up 28% to a 24 hour high of $97,784 but overall sentiment is still bearish. BTC Futures Open Interest was down 3% over 4 hours, investors are cautious.

Analysts are split, some think it will go to $60,000 because Bitcoin lost key support. Others think it will recover on institutional adoption and long term demand.

Institutional Adoption Supports Long-Term BTC Outlook

Bitwise just filed a Bitcoin ETF to track companies like MicroStrategy and Metaplanet. As corporate treasuries get into Bitcoin the long term is good even if short term is tough.

Key Takeaways:

  • US Bitcoin ETFs saw $475M inflows on Dec. 26, led by Fidelity’s FBTC with $254M.

  • BTC prices dropped to $94,975 despite ETF inflows, reflecting near-term market caution.

  • Institutional adoption via ETFs and corporate treasuries fuels optimism for long-term BTC recovery.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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