Crypto World
Bitcoin, ether ETFs draw inflows as majors rise as much as 5%
U.S. spot bitcoin ETFs took in about $181 million on Tuesday, a day after shedding roughly $425 million, per SoSoValue data. Ether ETFs added about $58 million.
BlackRock’s IBIT drove almost all of it, pulling in roughly $139 million, with Fidelity’s FBTC adding about $21 million. No bitcoin fund lost money. On the ether side, BlackRock’s ETHA accounted for the entire net figure at about $58 million, with every other fund flat.
The swing tracks the price. Bitcoin ETFs rose close to 4% on the day and ether funds about 6%, the strongest single-session move in weeks.
Total bitcoin ETF assets climbed back to roughly $78 billion from about $75 billion, and ether ETF assets crossed $10 billion.
July’s flows have been choppy rather than directional. Bitcoin ETFs have swung between inflows and outflows nearly every other session this month, with July 13’s $425 million redemption the largest of the run and Tuesday’s rebound the second largest inflow. Neither side has held for more than three days.
You must be logged in to post a comment Login