US Bitcoin exchange-traded funds (ETFs) experienced a surge in daily inflows, reaching $117 million on Tuesday. This comes as the group of nine spot Ethereum ETFs returned to positive territory after a period of losses, according to data from Farside Investors. Fidelity’s Bitcoin Fund (FBTC) led the way with approximately $63 million in net inflows, bringing its total to $9.5 billion after eight months of trading. The fund currently holds $10.5 billion worth of Bitcoin and is the third-largest Bitcoin ETF behind BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC). Grayscale’s Bitcoin Mini Trust (BTC) and ARK Invest/21Shares’ Bitcoin ETF (ARKB) also had successful days, attracting around $41 million and nearly $13 million in net capital, respectively. However, IBIT, GBTC, and the rest of the Bitcoin ETF group saw no flows. This influx of capital follows a period of outflows from late August to early September, during which over $1 billion was withdrawn from these funds. While IBIT experienced its third consecutive day of outflows on Monday, US spot Bitcoin ETFs closed positively due to inflows into other funds. Despite its recent struggles, IBIT remains a dominant force in the crypto ETF market, with holdings exceeding $20 billion. In addition, US spot Ethereum ETFs saw a modest recovery with approximately $11 million in net inflows on Tuesday, driven by gains in Fidelity’s Ethereum Fund (FETH) and BlackRock’s iShares Ethereum Trust (ETHA). Other competing Ethereum ETFs reported no flows.
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US Bitcoin ETFs hit $117M in daily inflows, Ether ETFs back in green
