Bitcoin

Spot

Daily

<p>Bitcoin crosses a historic threshold by reaching $100,000. This explosive increase has propelled spot Bitcoin ETFs to record levels. More details below.</p>
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     <p lang="en" dir="ltr">Daily Market Update – Dec 11th<br><br>Bitcoin Spot ETF inflows reached $440M, marking 9 consecutive days of growth. Ethereum Spot ETFs also saw a 12-day streak with $306M inflows. <a href="https://t.co/gxAmdOeZmc" rel="noopener noreferrer nofollow">pic.twitter.com/gxAmdOeZmc</a></p>— SingularityDAO (@SingularityDAO) <a href="https://twitter.com/SingularityDAO/status/1866790541662343462?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 11, 2024</a>
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  Historic influx of Bitcoin ETFs
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<h2 id="h-a-spectacular-increase-in-flows-to-bitcoin-etfs">A spectacular increase in flows to Bitcoin ETFs</h2>
<p>On December 11, <strong>Bitcoin ETFs</strong> experienced an exceptional day with $223.03 million in net inflows. This <a href="https://www.cointribune.com/en/?p=749729" target="_blank" rel="noopener noreferrer nofollow">performance</a> marks the tenth consecutive day of positive flows. This strengthens the dominance of these products in the cryptocurrency market.</p>
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<ul>
 <li>The Fidelity Bitcoin Trust (FBTC) was the main beneficiary, attracting $121.9 million in one day.</li>
 <li>The ARK ETFs from ARK and 21Shares and the GBTC from Grayscale recorded inflows of $52.67 million and $20.13 million, respectively.</li>
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<p>These inflows coincide with the rise in <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a>, which has surpassed $102,000.</p> 
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<h2 id="h-bitcoin-etfs-show-notable-disparities-between-funds">Bitcoin ETFs show notable disparities between funds</h2>
<p>Despite impressive overall <strong><a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">results</a></strong>, not all funds are benefiting from this momentum. While products like Biwise’s BITB ($12.16M) and VanEck’s HODL ($2.87M) saw modest inflows, others experienced outflows. For example, Valkyri’s BRRR reported net outflows of $2.44 million on the same day.</p>
<p>In a global assessment, the <strong>total cumulative net flows for the 12 Bitcoin ETFs</strong> amount to $34.58 billion. However, the total transaction volume remains slightly lower: $3.94 billion, compared to $3.97 billion recorded the day before.</p>
<p>Another notable point concerns BlackRock’s IBIT. It remained neutral on December 11, but has accumulated impressive inflows of $35.06 billion since its launch. These figures place BlackRock among the <strong>leaders in the crypto ETF market</strong>.</p>
<p>According to crypto analysts, the coming months could still hold surprises, both for Bitcoin ETFs and for the <a href="https://www.cointribune.com/en/crypto-market-chaos-760m-liquidated-in-24-hours/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> as a whole.</p>
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Bitcoin: Spot ETFs See Massive Inflow

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