On December 30, spot Bitcoin exchange-traded funds in the United States continued to face outflows, with Bitcoin trading below $93,000.

According to SoSoValue, the twelve spot Bitcoin ETFs experienced outflows totaling $426.13 million on December 30, extending their outflow streak to two consecutive days, which saw a total of $723.8 million withdrawn from the funds.

Fidelity’s FBTC had the highest outflows of the day, with $154.64 million pulled from the fund, followed closely by Grayscale’s GBTC, which recorded an outflow of $134.5 million.

Other outflows were noted from BlackRock’s IBIT, Grayscale Bitcoin Mini Trust, Bitwise’s BITB, and ARK 21Shares’s ARKB, which saw $36.52 million, $31.73 million, $31.37 million, and $26.4 million leave the funds, respectively.

Valkyrie’s BRRR also experienced a modest outflow of $10.96 million on the same day. Notably, none of the BTC ETFs saw any inflows during this period.

The total daily trading volume for these twelve investment products was recorded at $3.14 billion on December 30, slightly up from $3.02 billion the day before.

The significant outflows on Monday coincided with Bitcoin (BTC) struggling to maintain its position around $95,000, a key support level identified by analysts. This downturn has increased the risk of a further price drop, potentially nearing $60,000.

The leading cryptocurrency is currently down by 1%, trading at $92,458 per coin as of the latest update.

Ether ETFs Also Experience Outflows

The nine spot Ethereum funds also encountered outflows on December 30, with $55.41 million exiting the fund, ending a four-day inflow streak that had added $349.1 million to the funds.

Fidelity’s FETH led the outflows with $20.41 million, while Grayscale’s ETHE and mini Ethereum Trust recorded outflows of $17.36 million and $13.75 million, respectively. Franklin Templeton’s EZET saw a smaller outflow of $3.88 million on that day.

The total trading volume for these investment vehicles reached $336.26 million on December 30, slightly up from $324.32 million the previous trading day. Since their launch, the total net inflows in these ETFs have aggregated to $2.62 billion.

The spot ETH ETFs reached a new monthly milestone, exceeding $2 billion in cumulative net inflows in December. This figure nearly doubles the inflows recorded in November, which were just over $1 billion, as per Farside Investors data.

Despite the impressive inflows for the month, Ether (ETH) has struggled to escape its current downtrend. The largest altcoin is down 9% on the monthly chart, trading at $3,353 as of the latest update.