Bitcoin, ether ETFs draw inflows as majors rise as much as 5%

U.S. spot bitcoin ETFs took in about $181 million on Tuesday, a day after losing about $425 million, per SoSoValue data. Ether ETFs added about $58 million.

BlackRock’s IBIT drove almost all of it, bringing in about $139 million, with Fidelity’s FBTC adding about $21 million. No bitcoin fund lost money. On the ether side, BlackRock’s ETHA accounted for the entire net figure of about $58 million, with every other fund flat.

The swing follows the price. Bitcoin ETFs rose close to 4% on the day and ether funds around 6%, the strongest move in a single session in weeks.

Total bitcoin ETF assets rebounded to about $78 billion from about $75 billion, and ether ETF assets crossed $10 billion.

July’s flows have been uneven rather than directional. Bitcoin ETFs have oscillated between inflows and outflows nearly every other session this month, with July 13’s $425 million redemption the largest of the run and Tuesday’s rebound the second largest inflow. Neither side has lasted more than three days.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top