U.S. spot bitcoin exchange-traded funds (ETFs) recorded $88.06 million in net inflows on Tuesday, marking the fourth consecutive day of positive flows. Leading the charge was BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, which attracted $55.43 million in inflows, according to data from SoSoValue. Ark Invest and 21Shares’ ARKB fund followed closely, receiving $51.91 million in net inflows.
Conversely, Grayscale’s GBTC experienced the largest net outflows, losing $12.81 million, while Bitwise’s BITB saw $6.47 million in outflows. Eight other spot bitcoin ETFs, including those managed by Fidelity and VanEck, reported zero net flows for the day.
Overall, the total daily trading volume for the 12 spot bitcoin ETFs surged to $1.35 billion on Tuesday, recovering from $779 million on Monday. However, this figure remains significantly lower than the trading volumes observed in March, which ranged between $5 billion and $8 billion. Since their respective launches, the 12 spot bitcoin ETFs have accumulated $17.52 billion in total net inflows.
In contrast, nine U.S. spot ether ETFs saw net outflows of $6.49 million on Tuesday, continuing a four-day streak of negative flows. Grayscale’s ETHE was hit the hardest, with $36.99 million in outflows. However, these losses were partially offset by $26.77 million in inflows into BlackRock’s ETHA and $3.73 million into Bitwise’s ETHW. Six other ether ETFs reported no flows.
Spot ether ETFs recorded a total daily trading volume of $194.66 million, a figure that remains subdued compared to the $900 million to $1 billion daily volumes seen during the first week of their launch in July. Since their debut, these ether ETFs have accumulated a total net outflow of $440.11 million.
Meanwhile, the price of bitcoin dipped below the $60,000 mark, dropping 2.54% in the past 24 hours to $59,370.58, according to The Block’s crypto price page. Ether also saw a decline, falling 3.08% to $2,592.95, as the overall crypto market experienced a 2.12% drop over the past day.