Bitcoin ETFs cross $1 billion in early December as price threatens $100k

Bitcoin exchange-traded funds (ETFs) have attracted over $1 billion in inflows during the early days of December, according to recent Farside data. On Dec. 2, BlackRock led with $338.3 million in inflows, followed by Fidelity with $25.1 million. Total inflows for that day reached $353.6 million.

The following day, Dec. 3, saw increased activity. BlackRock’s ETF recorded $693.3 million in inflows, while Fidelity added $52.2 million. Despite Bitwise experiencing outflows of $93.5 million, total inflows amounted to $676 million.

Cumulatively, Bitcoin ETFs have amassed $1.03 billion in inflows for December so far, bringing total assets under management to approximately $31.7 billion. Major asset managers like BlackRock, Fidelity, and others are contributing significantly to this surge.

This influx coincides with Bitcoin’s recent price rally, which is again threatening the $100,000 mark, currently sitting around $97,000.

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