Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded significant inflows of $817.5 million on Tuesday, despite a 3.4% drop in Bitcoin’s price, which is currently trading at $86,855. This price decline follows a brief surge above the $90,000 mark earlier in the week, suggesting that some investors may be taking profits after the recent rally.
BlackRock’s Bitcoin ETF (IBIT) led the pack, drawing in $778.3 million, contributing to a total of $1.93 billion in inflows for the week. Fidelity’s FBTC added $37.2 million, while Grayscale’s Mini Bitcoin Trust and VanEck’s HODL both saw inflows exceeding $10 million. However, Grayscale’s GBTC experienced a net outflow of $17.8 million, and ETFs from Ark Invest and 21Shares, including ARKB, faced outflows of $5.4 million.
The total trading volume for the 12 spot Bitcoin ETFs hit $5.7 billion on Tuesday, a slight dip from $7.3 billion on Monday, but still a significant increase from $2.8 billion last Friday, according to data from SoSoValue.
Meanwhile, Ethereum-focused ETFs also experienced robust inflows. A total of $135.9 million flowed into Ethereum ETFs on Tuesday, marking the second-highest inflows since their launch. BlackRock’s Ethereum ETF (ETHA) attracted the largest share with $131.5 million, while Bitwise’s ETHW added nearly $17 million. Grayscale’s Mini Ethereum Trust recorded inflows of $12.7 million, but Grayscale’s larger Ethereum ETF (ETHE) saw a $33.2 million outflow.
The cumulative total for Ether funds has turned positive for the first time in recent weeks, reaching $94.62 million, a significant rebound from a negative $686 million on September 23.
However, trading volume for Ether ETFs dropped to $582.2 million on Tuesday, down from $913 million the previous day, as market analysts continue to watch key events and technical indicators that may influence future price movements in both Bitcoin and Ethereum markets.
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