U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $88.06 million in net inflows on Tuesday, marking the fourth consecutive day of positive flows. The trend indicates sustained interest from investors, even amid recent market volatility.
Leading the inflows was BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, which attracted $55.43 million. Ark Invest and 21Shares’ ARKB fund followed closely with $51.91 million in inflows, according to data from SoSoValue.
On the other side, Grayscale’s GBTC experienced the highest net outflows, with $12.81 million withdrawn. Bitwise’s BITB also reported $6.47 million in outflows, while eight other spot bitcoin ETFs, including those from Fidelity and VanEck, recorded no significant fund movements.
The total daily trading volume across the 12 ETFs surged to $1.35 billion on Tuesday, recovering from $779 million the previous day. However, this figure remains substantially lower than the daily trading volumes seen in March, which ranged between $5 billion and $8 billion. Since their launch, these 12 funds have amassed $17.52 billion in total net inflows.
Spot Ether ETFs Face Continued Outflows
In contrast, U.S. spot ether ETFs continued to see net outflows, reporting $6.49 million in negative flows on Tuesday, marking their fourth consecutive day of outflows.
Grayscale’s ETHE fund led the outflows with $36.99 million withdrawn, partially offset by $26.77 million in inflows into BlackRock’s ETHA and $3.73 million into Bitwise’s ETHW. Six other ether ETFs saw no significant fund movement.
The daily trading volume for spot ether ETFs reached $194.66 million on Tuesday, far below the $900 million to $1 billion range seen during the first week of their launch in July. So far, ether ETFs have recorded a total net outflow of $440.11 million.
The broader crypto market saw declines, with bitcoin slipping 2.54% to $59,370.58 and ether dropping 3.08% to $2,592.95 over the past 24 hours. The overall market was down 2.12% during the same period.
The continued interest in spot bitcoin ETFs highlights growing institutional adoption, even as other digital assets like ether face challenges in maintaining inflows.
