U.S. Spot Bitcoin ETFs Recorded a Third Consecutive Day of Net Inflows

U.S. spot Bitcoin ETFs recorded a third consecutive day of net inflows, marking their longest positive streak since February.

U.S. spot bitcoin ETFs posted a third day of net inflows on Tuesday, marking their longest positive streak since February, new data from SoSoValue showed.

The total daily net inflows hit $209 million, showcasing a continuation of the recovery trend.

However, spot ether ETFs saw a record tenth day of net outflows, highlighting contrasting market movements.

Bitcoin ETFs Continue Recovery Streak

U.S. spot bitcoin ETFs registered an aggregate of $209 million in net inflows on Tuesday, extending their positive run.

The IBIT from BlackRock was the biggest inflow receiver with $218.12 million, while Ark Invest & 21Shares’ ETF saw an outflow of $9 million.

The remaining ten bitcoin ETFs reported no flows for the day.

The total of $274.6 million received by bitcoin on Monday was the highest daily net volume since February 4.

Positive flows for three days have resulted in a $483.7 million total weekly intake.

This marks a shift in investor sentiment. These funds have seen around $5.4 billion in net outflows over the past five weeks.

Analyst at BTC Markets Rachael Lucas noted that institutional investors are making quarter-end portfolio adjustments while bitcoin is holding steady in price.

“I think we’re seeing institutions react to market developments and adjust their financial instruments accordingly,” Lucas added.

The rising level of ETF trade volume indicates investors are showing renewed interest.

Tuesday’s total trade volume across 12 spot bitcoin ETFs was $2.12 billion, and these funds have seen a total net inflow of $35.79 billion.

Institutions began pulling out of crypto in March, but recent data suggests they may be returning.

Ether ETFs See Extended Outflows

While bitcoin ETFs encountered inflows, spot ether ETFs faced a tenth day of net outflows.

BlackRock’s ETHA saw the biggest withdrawal with $40.17 million, and Grayscale’s Mini Ethereum Trust lost $9.33 million.

The FETH network operated by Fidelity had a total of $3.32 million flowing out.

This duration of net losses marks the longest period recorded since spot ether ETFs were launched in July 2023.

Capital continues to withdraw relentlessly from ether-related funds as investors are shifting interest away from these products.

A combination of regulatory and market system uncertainty may be contributing to this sustained period of fund movement.

Over the past few weeks, the entire crypto market has experienced significant capital movement.

The combination of withdrawals from crypto assets and ETFs surpassed $800 million last week, suggesting institutional investors are exercising caution.

Broader economic instability and investor capital shifts are primary factors affecting the diminishment of capital flows.