After two consecutive days of positive inflows, U.S. spot Bitcoin ETFs saw net outflows of $18.66 million on Tuesday.
Fidelity’s FBTC led the withdrawals, with $48.82 million leaving the fund, according to data from Farside.
Grayscale’s GBTC, the second-largest Bitcoin ETF by assets, also experienced $9.41 million in outflows after a day of no activity.
In contrast, BlackRock’s IBIT, the largest Bitcoin ETF, managed to attract $39.57 million in inflows, while the remaining nine ETFs reported no movement. The overall trading volume for these 12 funds rose to $1.35 billion on Tuesday, up from $1.22 billion on Monday.
Ethereum ETFs also recorded net outflows, with $8.19 million withdrawn after a quiet Monday. Bitwise’s ETHW fund saw the biggest outflows at $4.54 million, followed by Fidelity’s FETH, which lost $3.65 million.
The remaining seven ether ETFs showed no movement, and their total trading volume dropped to $102.37 million from Monday’s $118.43 million.
Ethereum is rapidly emerging as the institutional favorite, with new ETF inflow data suggesting a seismic shift in investor focus away from Bitcoin.
Ethereum (ETH) appears to be entering a breakout phase eerily reminiscent of its historic 2017 rally—but this time, the move is backed by deep institutional support and ETF inflows.
SUI, the native token of the Sui blockchain, is drawing attention following a major breakout on the charts—driven by surging total value locked (TVL) and growing anticipation around Bitcoin-native decentralized finance (BTCFi) infrastructure.
Tom Lee, managing partner and head of research at Fundstrat Global Advisors, recently outlined his bullish stance on Ethereum, linking it directly to the rapid growth of the stablecoin sector.