Spot Bitcoin exchange-traded funds in the U.S. recorded $479.06 million in inflows on Dec. 9, even as Bitcoinโs price briefly plunged below $95,000, triggering a downturn in the broader crypto market.
According to data from SoSoValue, the latest net inflows into 12 spot Bitcoin ETFs marked the eighth consecutive day of positive movement, bringing cumulative inflows over this period to $3.6 billion.
BlackRockโs IBIT led the pack for the seventh straight day, attracting $394.07 million in inflows on Dec. 9. Fidelityโs FBTC also performed strongly, securing $175.47 million in inflows. Grayscale Bitcoin Mini Trust added $7.25 million in more modest contributions.
These inflows were partially offset by Bitwiseโs BITB, ARK 21Sharesโ ARKB and Grayscaleโs GBTC which reported outflows of $39 million, $34.3 million and $24.44 million respectively. The remaining BTC ETFs saw zero flows on the day.
The total trading volume for these Bitcoin ETFs surged to $4.35 billion, surpassing the volume recorded on Dec. 8.
Despite the strong ETF inflows, Bitcoinโs (BTC) price experienced significant volatility, briefly dropping to under $95,000 from an intraday high of $100,200. The flash crash triggered a ripple effect in the broader crypto market, which declined by 6.8% over the past day. This downturn led to liquidations exceeding $1.7 billion, impacting more than 570,000 traders.
AT press time the flagship crypto asset was still down 1.4%, exchanging hands at $97,231.
Ether ETFs extend inflow streak
Meanwhile, Ether ETFs continued their positive trend, recording $149.79 million in inflows on Dec. 9, extending their streak to 11 consecutive days.
BlackRockโs ETHA led with $155.37 million in inflows, followed by Fidelityโs FETH with $30.11 million. Grayscale Ethereum Mini Trust contributed $8.83 million in additional inflows.
Grayscaleโs ETHE, Bitwiseโs ETHW and 21Sharesโ CETH reported outflows of $27.39 million, $12.99 million and $4.15 million respectively. The remaining ETH ETFs remained neutral.
Ethereum (ETH) mirrored Bitcoinโs decline, falling 4.1% over the past 24 hours to trade at $3,728.
