US Bitcoin exchange-traded funds saw their third straight day of outflows as Bitcoin struggled to recover to $100,000 following a hawkish interest rate cut by the Federal Reserve.

according to Data From SosSoValue The 12 Bitcoin ETFs recorded inflows of $226.56 million on December 23 outside of a three-day string of outflows that saw more than $1.18 billion leaving the funds.

The majority of the outflows were seen from Fidelity's FBTC which recorded an outflow of $145.97 million, while Grayscale's GBTC followed with a withdrawal of $38.39 million from the fund.

Other BTC ETFs that recorded negative inflow are as follows:

• Invesco Galaxy BTCO at $25.56 million.
• Bitwise's BITB, $23.75 million.
• ARK and 21Shares's ARKB, $15.75 million.
• Grayscale Bitcoin Mini Trust, $6.18 million.
• VanEck's HODL, $2.62 million.

BlackRock's IBIT fund was the only BTC ETF to buck the trend with inflows of $31.66 million, bringing total net inflows since launch date to $37.36 billion.

The daily trading volume of these investment products was $3.52 billion on December 23, less than the $4.09 billion seen the previous day. At the time of writing, net inflows into Bitcoin ETFs totaled $35.83 billion.

Meanwhile, the large outflows recorded on Monday followed Bitcoin's movement (Bitcoin) fell 4% from an intraday high of $96,386 to an intraday low of around $92,600 today, driven by the hawkish stance accompanying the Fed's latest interest rate decision.

On Wednesday, the Fed outlet He cut interest rates for the third time in a row, but hinted at a slowdown in the pace of monetary easing next year to manage inflation. This move dampened the speculative enthusiasm in the cryptocurrency market Nourish it Through Trump's promise to establish cryptocurrency-friendly regulations and his support for the creation of a national Bitcoin reserve.

The world's largest cryptocurrency assets are down 11.9% over the past week in trades worth $94,436 per coin at press time.

Ethereum ETFs Bounce Again

The nine ETFs are registered Inflows worth $130.76 million On December 23, it broke a two-day streak of outflows that saw $135.4 million in funds exit. BlackRock's ETHA led the pack with inflows of $89.51 million, followed by Fidleity's EFTH which saw $46.37 million enter the fund.

Biwise's ETHW reported a more modest inflow of $963.72K, while Grayscale Ethereum Mini Trust stood as the day's marker recording an outflow of $6.09M.

The remaining ETH ETFs remained neutral on the day.

At the time of publication, Ethereum (Ethereum) rose 3.3% over the past 24 hours, trading at $3,412 per coin.