U.S. Bitcoin ETFs Experience Reversal with $355 Million Inflows Ending Outflow Trend

After a sustained outflow trend, U.S. Bitcoin ETFs, including those managed by industry giants BlackRock, ARK 21Shares, and Fidelity, have experienced a notable reversal. Recording $355 million in net inflows on December 30, the funds have successfully snapped a seven-day streak that saw over $1.12 billion leaving the marketplace. While BlackRock’s fund led the charge with substantial inflows, Fidelity and the collaborative ARK Invest and 21Shares fund also garnered significant investor interest. The shift in capital flows suggests a potential change in market sentiment, with the industry keenly observing whether this reversal will persist into the early trading days of January. Despite the positive movement, the repercussions of the previous outflows have not been entirely mitigated, keeping market analysts on the lookout for more definitive signs of either sustained recovery or continued caution among investors.