On Tuesday, U.S. Bitcoin exchange-traded funds (ETFs) saw a notable influx, with $88.06 million in net inflows.
This marks the fourth straight day of gains for these funds. The top performer was BlackRock’s IBIT, which attracted $55.43 million. Ark Invest and 21Shares’ ARKB also saw significant investments, receiving $51.91 million.
Conversely, Grayscale’s GBTC experienced the largest outflow, losing $12.81 million, with Bitwise’s BITB following with $6.47 million in outflows. Other ETFs, including those from Fidelity and VanEck, reported no changes in their net flows.
The total trading volume for these Bitcoin ETFs was $1.35 billion on Tuesday, a rise from $779 million the previous day but still below the $5 to $8 billion range observed earlier this year. Since their introduction, these ETFs have gathered $17.52 billion in net inflows.
In contrast, spot ether ETFs faced a challenging day, with a total of $6.49 million in outflows. This was their fourth consecutive day of negative flows. Grayscale’s ETHE saw the largest decrease at $36.99 million, while BlackRock’s ETHA and Bitwise’s ETHW saw modest inflows of $26.77 million and $3.73 million, respectively.
Trading volume for ether ETFs reached $194.66 million, down from the $900 million to $1 billion range seen in their debut week. Overall, these ether funds have experienced $440.11 million in net outflows to date.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.