Bitcoin ETFs roar back with second day of $900M+ inflows

While the spot Bitcoin ETFs smashed industry expectations in 2024, the products finished poorly with outflows in six of the last eight trading days.

Spot Bitcoin exchange-traded funds in the United States alone scooped up almost three times the nearly 14,000 coins produced by miners during the month.

December 2024 was a huge month for spot Bitcoin ETFs in the US, which accumulated a total of around 51,500 BTC, according to data averaged from Apollo and BiTBO.

Momentum was driven by spot markets, with the asset reaching an all-time high of $108,135 on Dec. 17, according to CoinGecko.

Meanwhile, only 13,850 coins were added to the circulating supply in the month, according to Blockchain.com — meaning Bitcoin demand from ETFs alone was approximately 272% more than the amount supplied.#Bitcoin ETF