Bitcoin ETFs Notch $457M Haul, Third-Largest Since October
U.S. spot Bitcoin ETFs continue to see strong institutional inflows, drawing $457 million in net investments on Thursday—the third-largest daily net inflow since October. Major contributors included BlackRock’s IBIT, Fidelity’s FBTC, and Bitwise’s BITB, while Grayscale’s GBTC led outflows. Bitcoin trades around $88,700, up 1.5% daily, reflecting investor preference for assets with liquidity and regulatory clarity amid macroeconomic uncertainty. In contrast, spot Ethereum ETFs faced $22.43 million in outflows, marking a fifth straight day of redemptions, with sentiment remaining cautious and retail participants rating the odds of ETH price gains much lower than BTC’s. Altcoins like XRP showed little movement, indicating selective risk exposure rather than broad optimism. Analysts suggest that capital is consolidating in Bitcoin due to its perceived safety and institutional accessibility. Bitcoin’s price resilience amid mixed crypto flows underscores this trend. However, low holiday season trading volumes and liquidity may result in heightened volatility and possible liquidations, calling for cautious optimism.
