US Spot Bitcoin ETFs Break Outflow Trend with $30 Million in Inflows
On Tuesday, U.S. spot Bitcoin exchange-traded funds (ETFs) reversed their recent trend of continuous outflows, recording a net inflow of $31.01 million. Fidelity’s FBTC led the way with $49 million in new investments, while Grayscale’s Bitcoin Trust (GBTC) experienced approximately $30 million in outflows.
Rebound in US Spot Bitcoin ETFs
After a week of outflows, U.S. spot Bitcoin ETFs saw a significant recovery with a net inflow of $31.01 million. Fidelity’s FBTC was the top performer, securing $49 million. Bitwise’s BITB followed with $15 million, and Vaneck’s HODL attracted $4 million, making it the third most successful fund in Tuesday’s trading.
Several ETFs, including IBIT, BTCO, BRRR, EZBC, BTCW, and DEFI, maintained stable trading with no net inflows or outflows. GBTC led the outflows with a $30 million decrease, and Ark Invest’s and 21shares’ ARKB fund saw $6 million in outflows. According to data from sosovalue.xyz, these changes brought the total net inflow to $14.42 billion.
Current Holdings and Trading Volume
The 11 tracked funds now hold a combined $53.56 billion in Bitcoin reserves. Tuesday’s trading sessions witnessed $2.21 billion in activity. This shift in trading dynamics indicates a nuanced change in investor sentiment towards U.S. spot Bitcoin ETFs, suggesting a potential stabilization after a challenging week.
