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Reported by The Block: U.S. spot Bitcoin ETFs recorded net inflows of $187 million on Tuesday, extending their positive run to four days.
With interest rate cuts anticipated, Bitcoin is holding the $60,000 level ahead of Wednesday’s critical FOMC meeting.
Meanwhile, the U.S. spot Ethereum ETFs saw net outflows worth $15 million for the second day.
U.S. spot Bitcoin exchange-traded funds registered net inflows of $186.8 million on Tuesday, extending their positive streak to four days, totaling more than half a billion dollars.
BlackRock’s IBIT ETF generated positive flows for the first time in three weeks on Monday but returned to zero flows yesterday as Fidelity’s FBTC dominated the net inflows, bringing in $56.6 million, according to data from CoinGlass.
Bitwise’s BITB and Ark Invest’s ARKB were second and third for the day, attracting $45.4 million and $42.2 million in net inflows, respectively. VanEck’s HODL generated $20.5 million in positive flows, while Invesco’s BTCO brought in $10.2 million, Franklin Templeton’s EZBC $8.7 million and WisdomTree’s BTCW $3.2 million, in a diverse spread of flows across the funds.
There were no net outflows from any of the U.S. spot Bitcoin ETFs on Tuesday, with the remaining funds, including Grayscale’s higher-fee GBTC, witnessing zero flows for the day.
From Aug. 27 to Sept. 6, the spot Bitcoin ETFs had a record run of consecutive daily net outflows, totaling nearly $1.2 billion. However, they have produced $603.5 million worth of positive flows since and have generated nearly $17.5 billion in total net inflows since trading began in January.
“Looks like ‘degen retail’ put another ~$200 million into spot Bitcoin ETFs on random Tuesday… 8 months after launch,” The ETF Store President Nate Geraci posted on X. “Fidelity Bitcoin ETF now > $10 billion AUM. iShares [BlackRock] Bitcoin ETF > $21 billion. Spot bitcoin ETFs = top 4 ETF launches of 2024. And most wirehouses still haven’t approved them.”
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