Isabella García
U.S. spot Bitcoin ETFs recorded their ninth straight day of net inflows, pulling in $403 million on Tuesday, signaling sustained confidence among institutional investors.
According to SoSoValue data, BlackRock’s IBIT dominated the day with $416.35 million in net inflows. VanEck’s HODL followed with $19 million, while Grayscale’s Mini Bitcoin Trust and Bitwise’s BITB also added positive flows.
Mixed Performance Among Other Major Funds
While the overall trend was positive, three prominent funds saw net outflows:
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Grayscale’s GBTC lost $41.22 million
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Fidelity’s FBTC saw $23 million in redemptions
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ARK & 21Shares’ ARKB recorded $6.21 million in net outflows
Despite these losses, the total net inflows across all spot Bitcoin ETFs have now reached $53.07 billion, with $4.4 billion pouring in over the past nine trading sessions alone. Since the April rally began, nearly $17 billion has flowed into these products.
“Bitcoin ETFs have consistently attracted inflows since April, reflecting growing institutional interest and corporate adoption,” said Min Jung, Research Analyst at Presto Research. “There’s a solidifying narrative that Bitcoin stands alone — ‘there is no second best.’“
Ethereum ETFs Extend Winning Streak
Spot Ethereum ETFs also maintained their momentum with an eighth consecutive day of net inflows, totaling $192.33 million on Tuesday.
Market Outlook Remains Bullish Amid Macro Tailwinds
Bitcoin is currently trading at $117,373, showing a slight 0.25% increase on the day. While it has retreated slightly from its recent all-time high of $123,000, the asset continues to hold above key support.
“Bitcoin has managed to stabilize around $118K following a softer-than-expected core CPI report,” said Nick Ruck, Director at LVRG Research. “With rising expectations of a Fed rate cut in September, demand for Bitcoin could intensify further.“
