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BlackRock’s Bitcoin ETF experienced record outflows, totaling over $1.5 billion in just four days, with a single-day outflow of $188.7 million on December 24. In contrast, Ether ETFs saw inflows of $53.6 million on the same day, continuing a positive trend. As of December 16, US Bitcoin ETFs surpassed gold funds in assets under management, reaching over $129 billion.
Bitcoin has pulled back to $104,679 after reaching an all-time high of over $108,000, with analysts divided on future trends. While some predict a potential rise to $145,000 by mid-2025 due to institutional demand, others warn of a possible market dump post-Trump's inauguration in January 2025. Ethereum and XRP face resistance at $4,094 and $2.91, respectively, while Solana struggles to maintain support at $210.
On December 16, net assets in U.S. Bitcoin exchange-traded funds (ETFs) surpassed those in gold funds for the first time, reaching over $129 billion compared to gold's nearly $128 billion, according to K33 Research. This shift highlights a growing institutional interest in Bitcoin, particularly following the launch of spot BTC ETFs in January. BlackRock's iShares Bitcoin Trust leads the market with nearly $60 billion in assets, reflecting a significant trend as investors seek alternatives amid rising geopolitical tensions and economic uncertainties.
Vetle Lund
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