Bitcoin ETFs log $479m inflows despite BTC flash crash below $95k

Spot Bitcoin exchange-traded funds in the U.S. recorded $479.06 million in inflows on Dec. 9, even as Bitcoin’s 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. BlackRock’s IBIT led the pack for the seventh straight day, attracting $394.07 million in inflows on Dec. 9. Fidelity’s 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 Bitwise’s BITB, ARK 21Shares’ ARKB and Grayscale’s 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, Bitcoin’s ( 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. You might also like: US Bitcoin ETFs surpass Satoshi’s slumbering stack 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. BlackRock’s ETHA led with $155.37 million in inflows, followed by Fidelity’s FETH with $30.11 million. Grayscale Ethereum Mini Trust contributed $8.83 million in additional inflows. Grayscale’s ETHE, Bitwise’s ETHW and 21Shares’ CETH reported outflows of $27.39 million, $12.99 million and $4.15 million respectively. The remaining ETH ETFs remained neutral. Ethereum ( ETH ) mirrored Bitcoin’s decline, falling 4.1% over the past 24 hours to trade at $3,728. Read more: Ethereum reached $4k as retail accumulation strengthens

Source: crypto.news