Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. recorded net inflows of $194.6 million on Tuesday, reversing Monday's outflows.
According to Farside, BlackRock’s IBIT led the positive results with $157.6 million raised, followed by Wisdomtree’s BTCW with $118.5 million and Fidelity’s FBTC with $65.2 million.
The ARK 21Shares Bitcoin ETF (ARKB) also saw inflows of $32.8 million.
On the other hand, spot Ethereum ETFs saw slight outflows, with total outflows amounting to $2.9 million.
The largest inflow was recorded by BlackRock’s ETHA, which saw $11.7 million, while the largest outflow was recorded by Grayscale’s ETHE at $19.8 million.
Grayscale’s mini trust (ETH) posted the second-best results of the day, attracting $5 million, followed by Bitwise’s ETHW with $2.8 million.
Grayscale’s ETHE, on the other hand, experienced the weakest outflow since its inception, with only $39.7 million leaving the fund, a significant decrease from the $484 million it registered at launch.
An Ethereum whale has recently caused a stir by offloading a substantial portion of its holdings, selling over $24 million worth of ETH in the past three days amid significant market pressure.
XRP has been trading within an ascending triangle pattern, signaling a potential significant breakout.
Recent on-chain data for Dogecoin (DOGE) reveals a surge in activity, indicating a growing optimism among cryptocurrency investors towards the popular meme coin.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.