This was despite market volatility that resulted in Bitcoin’s price briefly falling below $95,000. This development was a striking indicator of both investor interest in Bitcoin ETFs and market volatility.

These inflows into the 12 spot Bitcoin ETFs mark the eighth consecutive positive day, according to data provided by SoSoValue. Total inflows reached $3.6 billion in the last eight days.

BlackRock’s IBIT led for the seventh consecutive day with $394.07 million in inflows on December 9. Fidelity’s FBTC performed strongly with $175.47 million in inflows, while Grayscale Bitcoin Mini Trust had a more modest $7.25 million inflow.

However, Bitwise’s BITB, ARK 21Shares’ ARKB, and Grayscale’s GBTC reported outflows of $39 million, $34.3 million, and $24.44 million, respectively. Other Bitcoin ETFs did not show any movement. On December 9, the total trading volume of Bitcoin ETFs reached $4.35 billion, increasing compared to the previous day.

Despite strong ETF inflows, Bitcoin price had a volatile day. The price fell rapidly from its intraday peak of $100,200, briefly falling below the $95,000 level. This “flash crash” had a widespread impact on the crypto market, resulting in a 6.8 percent decline.

This volatility in the last 24 hours affected more than 570,000 investors with a total liquidation of $ 1.7 billion. At press time, Bitcoin was still trading at $97,231, down 1.4 percent.

In parallel with the activity in Bitcoin ETFs, there was also a remarkable growth in Ethereum ETFs. Ethereum ETFs recorded an inflow of $149.79 million on December 9, bringing its positive movement to the 11th day.

BlackRock’s ETHA took the lead with an inflow of $155.37 million. It was followed by Fidelity’s FETH with an entry of $30.11 million. Additionally, Grayscale Ethereum Mini Trust also saw additional inflows of $8.83 million.

On the other hand, Grayscale’s ETHE, Bitwise’s ETHW, and 21Shares’ CETH reported outflows of $27.39 million, $12.99 million, and $4.15 million, respectively. A neutral movement was observed in other ETH ETFs.

Ethereum price showed a parallel movement with Bitcoin and dropped by 4.1 percent in the last 24 hours, falling to $ 3,728. This situation once again revealed the impact of the market’s wide-ranging fluctuations.

Although inflows in both Bitcoin and Ethereum ETFs indicate continued investor interest, price volatility heightens market participants’ perception of risk. This proves that both opportunities and challenges exist simultaneously in the crypto market.