Ethereum

Bitcoin ETF

Bitcoin

U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000.
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data </a>from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion.
BlackRock’s IBIT led the pack for the fifth consecutive day, amassing $770.51 million in inflows. Other significant contributors included Grayscale Bitcoin Mini Trust with $95.35 million and Fidelity’s FBTC with $47.47 million. ARK and 21Shares’ ARKB chipped in a modest $12.32 million.
However, not all ETFs mirrored the inflow trend. Grayscale’s GBTC and Bitwise’s BITB recorded outflows of $148.78 million and $10.22 million, respectively, while the remaining ETFs saw zero flows on the day.
The total trading volume for these ETFs saw a significant jump to $7.1 billion, which is over 50% higher than the $4.71 billion <a href="https://crypto.news/bitcoin-etfs-record-fifth-straight-day-of-inflows/" target="_blank" rel="noopener noreferrer nofollow">recorded </a>the previous day.
This came <a href="https://crypto.news/bitcoin-drop-to-97k-as-the-market-liquidated-565-m/" target="_blank" rel="noopener noreferrer nofollow">amid a sharp drop</a> in Bitcoin’s (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) price, which fell over 10% from a <a href="https://crypto.news/bitcoins-100k-break-boosted-bonds-in-el-salvador/" target="_blank" rel="noopener noreferrer nofollow">record high of $103,607</a> on Dec. 5 to an intraday low of $92,980 on Dec. 6, before recovering slightly to over $98,000. The flagship cryptocurrency remains 4% lower over the past 24 hours.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/uk-government-found-to-have-billions-of-dollars-bitcoin-arkham/"> UK government found to have billions of dollars Bitcoin: Arkham </a>
<h2 class="wp-block-heading" id="ether-etfs-set-record-breaking-inflows">Ether ETFs set record-breaking inflows</h2>
Meanwhile, Ether ETFs have been on a historic streak. On Dec. 5, U.S.-listed spot Ether ETFs recorded an aggregate inflow of <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow">$428.44 million</a>, the largest single-day inflow since their launch on July 23. This broke the previous record of $333.92 million set on Nov. 29.
The nine Ether ETFs have now posted nine consecutive days of net positive inflows, accumulating over $1.3 billion in the past two weeks. BlackRock’s ETHA dominated the day’s inflows with a record $292.69 million, bringing its total to $2.64 billion.
Fidelity’s FETH added $113.61 million, while Grayscale Ethereum Mini Trust and Bitwise’s ETHW contributed $30.69 million and $6.58 million, respectively. Grayscale’s ETHE, however, saw outflows of $15.12 million.
This wave of inflows coincides with Ether’s (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) price rally. The cryptocurrency hit an eight-month high of $3,946 on Dec. 5, representing a 14.5% gain over the past fortnight. At press time, Ether was trading at $3,880.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/heres-how-ethereum-is-getting-ready-for-the-4k-mark/"> Here’s how Ethereum is getting ready for the $4k mark </a>

Bitcoin ETF trading volume spikes 50% amid BTC drop below 100k

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