While Bitcoin (BTC) and altcoins experienced a sharp decline due to increasing macroeconomic concerns in the US, this decline was also reflected in ETFs. Spot Bitcoin and Ethereum ETFs also experienced major outflows.

However, BlackRock saved the day. While other ETFs experienced significant outflows, BlackRock iShares Bitcoin ETF (IBIT) recorded an inflow of over $596 million, ensuring the day closed positively.

According to Farside Investors data, Fidelity’s FBTC saw an outflow of $86.3 million, Bitwise’s BITB $13.8 million, Ark’s ARKB $212.6 million, Franklin Templeton’s EZBC $5.6 million, and Grayscale’s GBTC $125.4 million.

Invesco's BTCO, Valkyrie's BRRR, VanEck's HODL and WisdomTree's BTCW recorded 0 inflows.

On the other hand, BlackRock's iShares Bitcoin ETF (IBIT) recorded an inflow of $596.1 million, allowing BTC ETFs to close with a total inflow of $52.4 million.

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-01-07

TOTAL NET FLOW: 52.4

IBIT: 596.1FBTC: -86.3BITB: -113.8ARKB: -212.6BTCO: 0EZBC: -5.6BRRR: 0HODL: 0BTCW: 0GBTC: -125.4BTC: 0

For all the data & disclaimers visit:https://t.co/Wg6Qpn0Pqw

— Farside Investors (@FarsideUK) January 8, 2025

There Has Been No Login in Ethereum!

In the decline, the largest altcoin, Ethereum (ETH), also fell by 9.4% in the last 24 hours and the price fell below $ 3,400. This drop in price was also negatively reflected in spot Ethereum ETF inflows, and there was an outflow of $ 86.8 million yesterday.

According to Farside Investors data, no ETH ETF experienced inflows, while BlackRock's ETHA, Bitwise's ETHW, 21 Shares' CETH, VanEck's ETHV, Invesco's QETH and Franklin Templeton's EZET recorded 0 inflows.

Fidelity’s FETH saw an outflow of $67.6 million, Grayscale’s ETHE saw an outflow of $8 million, and Grayscale’s ETH saw an outflow of $11.2 million.

*This is not investment advice.

Continue Reading: Bitcoin (BTC) Is Down! But BlackRock Saved the Day!