U.S. Spot Bitcoin ETFs See Continued Inflows

U.S. spot bitcoin exchange-traded funds (ETFs) recorded $88.06 million in net inflows on Tuesday, marking their fourth consecutive day of positive flows.

BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, led the inflows with $55.43 million added yesterday, according to data from SoSoValue. This was followed by $51.91 million inflows into Ark Invest and 21Shares’ ARKB fund.

Conversely, the largest outflows were from Grayscale’s GBTC, which saw $12.81 million in negative flows. Bitwise’s BITB also reported $6.47 million in daily outflows. Eight other spot bitcoin ETFs, including those from Fidelity and VanEck, experienced zero flows.

The total daily trading volume across the 12 ETFs reached $1.35 billion on Tuesday, recovering from $779 million on Monday. However, this remains significantly lower than March’s range of $5 to $8 billion. Collectively, these 12 funds have amassed $17.52 billion in total net inflows since inception.

Spot Ether ETFs Experience Outflows

In contrast, nine spot ether ETFs in the U.S. reported smaller movements, with net outflows of $6.49 million on Tuesday, marking their fourth consecutive day of total net outflows.

Grayscale’s ETHE noted negative flows of $36.99 million, while BlackRock’s ETHA saw $26.77 million in net inflows, alongside $3.73 million for Bitwise’s ETHW. Six other ether ETFs reported zero flows yesterday.

Spot ether funds totaled $194.66 million in daily trading volume, lower than their launch week’s volume of $900 million to $1 billion. Ether ETFs have accumulated $440.11 million in net outflows since launch.

Meanwhile, Bitcoin’s price fell below $60,000, down 2.54% in the last 24 hours to $59,370.58, while Ether dipped 3.08% to $2,592.95, with the entire crypto market decreasing 2.12% over the past day.