Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced a shift to net outflows on Tuesday, ending a seven-day run of inflows that had drawn in over $2.67 billion.
According to SoSoValue data, 12 spot bitcoin ETFs recorded a total net outflow of $79.09 million. The outflows were driven entirely by Ark and 21Shares’ ARKB, which saw $134.74 million leave the fund.
Fund Performance Breakdown
- BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, added $42.98 million in inflows.
- Fidelity’s FBTC saw $8.85 million in inflows.
- VanEck’s HODL reported $3.82 million in net inflows.
- Grayscale’s GBTC and seven other funds reported zero flows for the day.
Tuesday’s $79 million in net outflows reduced the cumulative inflows across the 12 bitcoin ETFs to $21.15 billion. Trading volume for these ETFs also declined, falling to $1.4 billion from $1.76 billion on Monday.
The recent inflow streak had coincided with bitcoin’s rally, which peaked at over $69,400 on Monday. During this period, BlackRock’s IBIT alone attracted $1.5 billion, reflecting strong investor interest.
Spot Ether ETFs Show Modest Gains
Meanwhile, spot ether ETFs in the U.S. logged $11.94 million in net inflows on Tuesday, all attributed to BlackRock’s ETHA. The other eight ether funds reported no flows for the day.
- Total trading volume for ether ETFs dropped to $118.4 million, down from $163.18 million on Monday.
- Since their launch, ether ETFs have accumulated $488.85 million in net outflows.
Crypto Market Overview
- Bitcoin (BTC) fell 0.38% in the past 24 hours, trading at $67,038.
- Ether (ETH) declined 0.99%, trading at $2,611, according to The Block.
The fluctuations in ETF flows come amid heightened market activity, as investors monitor trends closely following bitcoin’s recent surge and regulatory developments around crypto ETFs.
