Bitcoin (ETFs) are experiencing new inflows of around $676 million

In a significant development for the cryptocurrency market, American spot Bitcoin exchange-traded funds (ETFs) experienced a dramatic surge in inflows, increasing by more than 90% on December 3 compared to the previous day. This boost brought the total holdings of spot Bitcoin ETFs closer to those attributed to Bitcoin’s creator, Satoshi Nakamoto.

According to data from SoSoValue, the 12 spot Bitcoin ETFs collectively recorded inflows of $675.97 million on December 3, nearly doubling the $353.67 million seen the previous day. This surge marked the fourth consecutive day of net inflows, totaling over $1.45 billion during this period.

Leading the market inflows for the third consecutive day was the IBIT fund from BlackRock, which attracted $693.25 million to its assets. This fund recently achieved a significant milestone, surpassing 500,000 Bitcoins in holdings, representing 2.38% of the total Bitcoin supply.

Fidelity's FBTC fund followed with $52.17 million in inflows, while VanEck's HODL fund and Bitwise's BITB fund received inflows of $16.21 million and $7.8 million, respectively. However, the ARK fund and ARKB from 21Shares experienced outflows, losing $93.47 million during the same period.

Despite this impressive influx of capital, the total trading volume of Bitcoin funds dropped to $2.93 billion, down from $3.91 billion the previous day. Nonetheless, these funds are now on the verge of a historic milestone, as their combined Bitcoin holdings approach 1.083 million Bitcoins, nearly reaching the estimated 1.096 million Bitcoins held by Satoshi Nakamoto.

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