The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session.
Spot Bitcoin ETFs See Second Day of Inflows, Adding Nearly $117M
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Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist
Data from sosovalue.xyz showed that the 12 spot bitcoin ETFs had inflows totaling $116.96 million on Tuesday. Leading the group was Fidelity’s FBTC, which collected $63.16 million, followed by Grayscale‘s Mini Bitcoin Trust with $41.13 million. Ark Invest and 21shares’ ARKB secured $12.68 million in inflows.
The remaining nine funds saw no movement, with no gains or losses during the session. The addition of $116.96 million raised the total net inflows since Jan. 11 to $17.04 billion. Collectively, the 12 funds now hold $52.2 billion in BTC, equivalent to 4.59% of bitcoin’s total market value.
Alongside bitcoin’s performance, ether ETFs also saw positive inflows on Tuesday. The nine funds received $11.44 million, with Fidelity’s FETH leading the way, capturing $7.13 million. Blackrock’s ETHA followed with $4.31 million. While the $11.44 million adds to ether’s reserves, it is still small compared to the $562.06 million in net outflows divested since July 23.
The nine ether ETFs currently hold $6.53 billion in ETH, representing 2.28% of ethereum’s market capitalization. Tuesday’s trading volume reached $712.27 million for bitcoin funds, while ethereum-based ETFs saw $102.87 million traded. At press time at 8 a.m. EDT on Wednesday, BTC is changing hands for $56,813 and ETH is swapping for $2,330.
What do you think about the spot bitcoin and ether ETF action on Tuesday? Share your thoughts and opinions about this subject in the comments section below.
