Bitcoin ETFs record positive inflows on the last day of 2024

according to Data Exchange-traded funds (ETFs) offered by SoSoValue recorded $5.32 million in total net inflows on January 1.

Fidelity's Wise Origin Bitcoin Fund (FBTC) takes the lead with nearly $37 million in inflows. The product is approaching $20 billion in total assets, currently standing at $18.9 billion.

After dominating all of 2024 with massive inflows and breaking countless numbers, BlackRock's iShares Bitcoin Trust ETF (IBIT) had a somewhat disappointing end with $23.4 million worth of outlaws. This, of course, in no way diminishes the tremendous success of the pioneering product, which has now amassed $51.7 billion in total assets.

ARK 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust ETF (GBTC) are also in the red with inflows of $11.21 million and $9.63 million, respectively.

Related to

Ethereum ETFs break record with inflows reaching $332 million

Bitcoin is currently trading at $93,420 after recording its largest yearly close ($93,413).

Meanwhile, Ethereum ETFsThe company, which had a somewhat disappointing start in July, managed to record nearly $36 million in net inflows on the last day of 2024.

Fidelity Ethereum (FETH) Fund recorded $31.77 million in inflows on December 31, significantly outperforming other competing products. Grayscale's Ethereum Mini Trust ETF comes in second with inflows of $9.77 million.

Of course, they still underperform Bitcoin ETFs in terms of total net flows.

Ether itself has underperformed Bitcoin this year. The Ethereum/Bitcoin pair fell by as much as 33% in 2024. In fact, it has now fallen for three years in a row, falling by 55% since 2022.



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