U.S. spot Bitcoin exchange-traded funds (ETFs) saw a net inflow of $88.06 million on Tuesday, marking the fourth straight day of gains.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led inflows yesterday with $55.43 million flowing into the fund. data SoSoValue followed with $51.91 million invested in Ark Invest and 21Shares’ ARKB fund.
The largest net outflow came from Grayscale’s GBTC, which recorded negative inflows of $12.81 million. Bitwise’s BITB also reported a daily net outflow of $6.47 million, while eight other spot Bitcoin ETFs, including Fidelity and VanEck, saw no inflows at all.
The total daily volume of the 12 ETFs reached $1.35 billion on Tuesday, recovering from $779 million on Monday. However, the volume of spot Bitcoin funds is significantly lower than the range seen in March, which was around $5 billion to $8 billion. The 12 funds have seen a total net inflow of $17.52 billion since launch.
Spot Ether ETFs continue to experience outflows.
In contrast, the nine U.S. spot ether ETFs had smaller fund movements on Tuesday, reporting net outflows of $6.49 million, marking the fourth straight day of net outflows.
Grayscale’s ETHE had negative flows of $36.99 million, which was offset by net inflows of $26.77 million into BlackRock’s ETHA and $3.73 million into Bitwise’s ETHW. The other six ether ETFs reported zero flows yesterday.
The Spot Ether Fund recorded a total daily volume of $194.66 million, which is lower than the daily volume of around $900 million to $1 billion in the first week of its launch in July. The Ether ETF accumulated a total net outflow of $440.11 million.
Meanwhile, the Bitcoin price is said to have fallen 2.54% over the past 24 hours to $59,370.58, falling below the $60,000 level. The Block’s Cryptocurrency Price Page. The value of Ether also fell by 3.08% to trade at $2,592.95, while the overall cryptocurrency market fell by 2.12% over the past day.
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