US spot bitcoin ETFs mark fourth straight day of net inflows, reaching $136 million
Quick Take
- U.S. spot bitcoin ETFs recorded net inflows of $136 million on Tuesday, marking the fourth consecutive day of net inflows.
- BlackRock’s IBIT led the inflows with $98.8 million, marking its most significant single-day inflow since August 26.
Spot bitcoin exchange-traded funds in the U.S. recorded net inflows of $135.95 million on Tuesday, extending the positive run to its fourth consecutive day. The 12 funds have drawn in over $390 million during the period.
Tuesday’s inflows were led by BlackRock’s IBIT, which saw $98.89 million in net inflows, according to data from SoSoValue. This data shows that IBIT’s inflows yesterday were its largest since August 26.
Bitwise’s BITB came second with $17.41 million worth of inflows. Further, Fidelity’s FBTC reported $16.80 million in inflows, while Grayscale’s Bitcoin Mini Trust had $2.85 million in net inflows.
There were no net outflows yesterday across all the funds. However, eight funds, including Grayscale’s GBTC, logged zero flows.
On Tuesday, the U.S. bitcoin funds had a total daily trade volume of $1.11 billion and have accumulated a total net inflow of $17.83 billion since their launch in January.
Ether ETFs return positive
Spot ether ETFs returned to positive total daily flows worth $62.51 million yesterday after the funds saw a total net outflow of over $79 million on Monday—the largest negative flow since July 29.
Tuesday’s net inflows mostly came from BlackRock ETHA, which saw $59.25 million in net inflows, SoSoValue data showed. VanEck’s ETHV reported $1.94 million net inflows, and Invesco’s ether ETF saw $1.32 million move into the fund. The other six funds saw zero flows on Tuesday.
The ether funds saw a total daily trade volume of $180.42 million, up from $167.35 million on Monday. Since launching in July, U.S. Ethereum ETFs have accumulated negative flows of $624.17 million, SoSoValue data shows.
Meanwhile, the price of bitcoin gained 2.06% in the past 24 hours to trade at $64,377, according to The Block’s crypto price page. Ether also grew 0.42% to change hands at $2,636.93 at the time of writing.
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