Key Insights:
- Bitcoin ETFs record five consecutive days of positive inflows through December 2.
- Daily net inflow reaches $58.50 million as BTC climbs past $93,000.
- BlackRock’s IBIT leads with $120.14 million in single-day inflows.
Bitcoin spot ETFs have extended their positive flow streak to five consecutive trading days, with December 2 recording $58.50 million in net inflows. The sustained institutional demand coincides with Bitcoin’s price surge past $93,000, up over 7% from a 24-hour low of $86,000.
The cumulative total net inflow across all Bitcoin ETFs now stands at $57.77 billion. Trading volume on December 2 reached $5.26 billion, with total net assets across all products at $119.59 billion.
Bitcoin ETFs See $58.50 Million in Daily Inflows
Data from SoSoValue shows that December 2 marked the fifth straight day of positive flows for Bitcoin ETFs. The products recorded net inflows of $58.50 million, continuing a streak that began on November 25.
BlackRock’s IBIT dominated inflows with $120.14 million, bringing its cumulative net inflow to $62.62 billion. Fidelity’s FBTC followed with $21.85 million in net inflows, pushing its cumulative total to $12.12 billion.
Bitwise’s BITB recorded $7.44 million in inflows, with cumulative net inflows reaching $2.26 billion.
The only Bitcoin ETF to see outflows on December 2 was Ark & 21Shares’ ARKB, which lost $90.94 million. The outflow reduced ARKB’s cumulative net inflow to $1.74 billion.
Several Bitcoin ETFs Report Zero Activity
Multiple Bitcoin ETF products reported no inflows or outflows during the December 2 trading session. Grayscale’s GBTC and BTC products recorded zero activity, along with VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI.
Grayscale’s GBTC has maintained a cumulative net outflow of $25.02 billion since its conversion from a trust to an ETF. Grayscale’s newer BTC product shows a cumulative net inflow of $1.96 billion.
The current streak began on November 25 with $128.64 million in net inflows, the strongest single day in the recent run. Inflows slowed to $21.12 million on November 26, followed by $71.37 million on November 28.
The five-day streak follows a November 24 outflow of $151.08 million, which briefly interrupted what had been a longer period of positive flows. Historical data show Bitcoin ETFs have accumulated $57.77 billion in cumulative net inflows since their January 2024 launch.
BTC Price Climbs Past $93,000 on Strong Momentum
Bitcoin’s price action on December 2 saw the asset surge past $93,000, recovering from a 24-hour low near $86,000. The 7% daily gain came after a sharp selloff at the monthly open, which analysts had flagged as a potential buying opportunity.
Trader Daan Crypto Trades noted that BTC price reached the horizontal local resistance area. The sharp buyback after the initial selloff occurred right at the monthly open.
Bitcoin now shows a higher high and higher low on the daily timeframe, placing the market structure back into bullish territory. The analyst stated that sustaining above the current price area is necessary to continue the upward move properly.
The $97,000 to $98,000 zone stands as the next area of interest in terms of liquidity. That level comes into play if the current resistance area breaks, according to Daan Crypto Trades.
Analyst Sees Potential Test of $102,000
Trader Ted mentioned a scenario where Bitcoin could test the $102,000 area. The analyst noted that current market behavior suggests the move may be a liquidity sweep targeting resting buy orders above recent highs.
Buy-side liquidity remains weak, according to Ted’s analysis, with little evidence of aggressive initiators entering the market.
While seasonal patterns sometimes support a December rally, the present market structure shows lower highs, lower momentum, and declining open interest.
These factors suggest limited upside follow-through despite the recent price gains. The analyst did note that current conditions often create precise intraday opportunities.
Other Crypto ETF Flows Show Mixed Results
Ethereum ETFs continued their recent pattern of outflows on December 2, recording $9.91 million in net redemptions. The products had posted $79.06 million in outflows on December 1, ending a five-day positive streak. Cumulative total net inflow for Ethereum ETFs stands at $12.86 billion.
XRP spot ETFs showed strong demand with $67.74 million in net inflows on December 2. The December 1 figure had reached $89.65 million, giving XRP ETFs two consecutive days of substantial institutional interest.
Solana ETFs posted $45.77 million in net inflows on December 2, rebounding from the previous day’s $13.55 million outflow. Cumulative net inflow for Solana products stands at $650.81 million.
Vignesh Karunanidhi is a seasoned crypto journalist and content editor with 7 years of experience in the crypto and Web3 space. Throughout his career, he has worked with leading platforms such as Watcher.Guru, Milk Road, BeInCrypto, Captain Altcoin, and Coin Edition, producing over 10,000 news articles, blogs, and guides on cryptocurrency.
