U.S. Bitcoin ETFs Attract $353.67 Million in Inflows

Bitcoin exchange-traded funds (ETFs) in the U.S. witnessed substantial inflows of $353.67 million on December 2, marking their fourth consecutive day of positive momentum, as reported by SoSoValue.

The surge was driven by BlackRock's IBIT ETF, which recorded remarkable inflows of $338.33 million. Similarly, Fidelity's FBTC and ARKB ETFs added $25.14 million and $17.24 million, respectively, to the overall tally.

More modest contributions came from the Grayscale Bitcoin Mini Trust, which saw $6.36 million in inflows, and Franklin Templeton's EZBC fund, which attracted $5.56 million.

However, these gains were tempered by significant outflows from Grayscale's flagship GBTC fund, which lost $28.11 million, and VanEck's HODL fund, which experienced $10.85 million in withdrawals. Other bitcoin ETFs remained neutral throughout the day.

Trading activity surged notably, with total trading volumes for the 12 bitcoin ETFs rising to $3.91 billion on December 2. This represents a sharp 55.78% increase compared to the $2.51 billion traded on December 1, reflecting growing investor interest in the sector.

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