U.S.-listed spot Bitcoin ETFs continue to post strong inflows, recording their ninth consecutive day of net positive investment activity on Tuesday.
According to data from Farside Investors, the sector attracted $403 million in total net inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) dominating the day.
IBIT led the surge with $416.3 million in net inflows, reaffirming BlackRock’s position as a dominant force in institutional Bitcoin investment. VanEck’s HODL ETF followed with a respectable $19 million in positive flows, while Bitwise’s BITB and Grayscale’s Mini Bitcoin Trust also saw moderate inflows.
However, the momentum was not evenly distributed across all products. Three ETFs experienced net outflows on the day—Grayscale’s GBTC lost $41.2 million, Fidelity’s FBTC saw $22.9 million pulled out, and Ark & 21Shares’ ARKB reported $6.2 million in outflows. Despite these losses, the overall trend for spot Bitcoin ETFs remains decisively bullish.
Cumulatively, spot Bitcoin ETFs have attracted $53 billion in net inflows since launching earlier this year. In just the last nine trading days, $4.4 billion has poured into these funds. Since April, the sector has seen nearly $17 billion in capital inflows, signaling growing institutional confidence in Bitcoin as a long-term asset.
This sustained demand comes as Bitcoin trades near all-time highs, bolstered by a mix of macroeconomic uncertainty, rising institutional participation, and optimism around regulatory clarity. Analysts suggest the ETF momentum could persist if Bitcoin continues to hold above key psychological levels, potentially setting the stage for another leg higher in 2025.
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Chaitanya Jain, Bitcoin strategy manager at Strategy, has pushed back against online speculation that the company’s fate is tightly bound to the price of Bitcoin.
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is reportedly finalizing a multibillion-dollar Bitcoin acquisition deal through a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald.
Despite Bitcoin soaring past $120,000 and testing new all-time highs, several high-frequency market indicators suggest that the current bull run may still be gathering momentum.