Outflows from Crypto Funds Continue

🟦As of December 19, 2024, the net outflow of funds from spot ETFs based on Bitcoin and Ethereum reached $740.47 million. The majority of this came from Bitcoin funds, totaling $680 million. Leading the outflows was Fidelity’s spot ETF (FBTC), which lost $208.55 million, followed by Grayscale’s product with $188.6 million, and Ark Invest’s ARKB fund in collaboration with 21Shares, which lost $108.35 million.

🟦For Ethereum ETFs, Grayscale’s ETHE led with an outflow of $58.13 million. Only two funds reported positive inflows: BTCW by WisdomTree, with $2.05 million, and Fidelity’s ETH, with $5.05 million.