U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a remarkable $479.06 million in inflows on December 9, despite a sudden plunge in Bitcoin’s price below the $95,000 mark. This trend underscores strong investor confidence as BTC weathered significant volatility, dragging the broader crypto market downward.
Data from SoSoValue shows that these inflows marked the eighth consecutive day of positive net movement for the 12 spot Bitcoin ETFs tracked, bringing total inflows over this streak to $3.6 billion. BlackRock’s IBIT led for the seventh day in a row, logging $394.07 million in fresh capital. Fidelity’s FBTC followed closely with $175.47 million, and Grayscale Bitcoin Mini Trust added a more modest $7.25 million.
Not all ETFs fared equally well. Outflows were noted from Bitwise’s BITB ($39 million), ARK 21Shares’ ARKB ($34.3 million), and Grayscale’s GBTC ($24.44 million). Other funds remained neutral, resulting in a total daily ETF trading volume of $4.35 billion—exceeding the previous day’s tally.
While Bitcoin ETFs rallied, the digital asset itself experienced heightened volatility. BTC briefly dipped under $95,000, down from an intraday high of $100,200, sparking a 6.8% market-wide decline and leading to over $1.7 billion in liquidations across more than 570,000 traders. As of press time, Bitcoin remained 1.4% down, trading at $97,231.
The influence of this volatility wasn’t limited to Bitcoin alone. Ether ETFs continued to attract capital, with $149.79 million in inflows on December 9, extending their winning streak to 11 days. BlackRock’s ETHA led the pack with $155.37 million, while Fidelity’s FETH and Grayscale Ethereum Mini Trust also posted positive inflows. Still, Grayscale’s ETHE, Bitwise’s ETHW, and 21Shares’ CETH faced notable outflows. Ethereum itself mirrored Bitcoin’s trajectory, declining 4.1% over the past 24 hours to $3,728.
