exchange-traded funds in the U.S. shifted back to negative daily flows on Tuesday after seven consecutive trading days of total net inflows.
U.S. spot bitcoin exchange-traded fund (ETF) daily flows shifted back to the red on Tuesday, snapping seven straight trading days of total net inflows.
Twelve spot bitcoin ETFs saw a collective net outflow of $79.09 million on the day, data from SoSoValue showed. The day’s entire outflows were seen in Ark and 21Shares’ ARKB, from which $134.74 million exited the fund.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, recorded a net inflow of $42.98 million, while Fidelity’s FBTC logged inflows of $8.85 million on Tuesday. VanEck’s HODL also had a net inflow of $3.82 million. The eight other funds, including Grayscale’s GBTC, posted zero flows for the day.
The $79 million net outflows brought the 12 ETFs’ cumulative net inflows to $21.15 billion on Tuesday. The total daily trading volume for these ETFs shrank to $1.4 billion yesterday, compared to $1.76 billion on Monday.
U.S. spot bitcoin ETFs drew in over $2.67 billion during their seven-day inflow streak, which were at levels last seen when the funds debuted in March, according to previous Block报道. BlackRock’s IBIT alone drew about $1.5 billion during the period. The inflows also coincided with bitcoin’s rally, which reached above $69,400 on Monday.
Spot ether ETFs saw modest inflows
Separately, U.S. spot ether ETFs reported a net inflow of $11.94 million on Tuesday, which was entirely contributed by BlackRock’s ETHA. The eight other ether funds logged zero flows.
The spot ether ETFs traded a total of $118.4 million on the day, compared to $163.18 million on Monday. Since their launch, these funds have experienced a cumulative net outflow of $488.85 million.
Bitcoin slipped 0.38% in the past 24 hours to trade at $67,038 at the time of writing, according to The Block’s crypto price page. Ether fell 0.99% to $2,611.
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