US spot Bitcoin ETFs continue to show net inflows for the third consecutive day, indicating a renewed interest from investors in BTC-based products.
Net Inflows to Bitcoin ETFs
According to SoSoValue data, US spot Bitcoin ETFs had $209 million in net daily inflows, marking the most extended positive streak since early February. This comes after a challenging period where $5.4 billion exited these funds over five weeks of consecutive net outflows.
BlackRock Takes the Lead
BlackRock's IBIT, the largest spot Bitcoin ETF by assets under management, led with $218.12 million in inflows on Tuesday. However, these gains were partly offset by $9 million in net outflows from Ark Invest and 21Shares’ ETF, while the remaining ten Bitcoin ETFs saw zero inflows. Trading volume across 12 spot Bitcoin ETFs totaled $2.12 billion on Tuesday, bringing cumulative net inflows for these funds to $35.79 billion since their launch.
Long-Term Outflows from Ethereum ETFs
While Bitcoin ETFs gained momentum, US spot ether ETFs saw net outflows for the tenth consecutive day—the longest negative streak since their inception in July 2024. BlackRock’s ETHA led the decline with $40.17 million in outflows, followed by Grayscale’s Mini Ethereum Trust with $9.33 million in outflows, while Fidelity's FETH reported a net outflow of $3.32 million.
Analysts attribute this shift to institutional portfolio rebalancing and BTC price stability. Meanwhile, ether-based funds continue to experience outflows, highlighting the diverging investment preferences in the market.
