- According to the latest numbers, U.S. spot bitcoin exchange-traded funds (ETFs) raked in $135.95 million in inflows on Tuesday.
- Blackrock’s IBIT led the bitcoin ETFs, pulling in $98.89 million, while its ETHA ether ETF gathered $59.25 million.
- The inflows reduced the cumulative net outflows for ether ETFs since July 23, which now stand at $624.17 million.
U.S. spot bitcoin and ether exchange-traded funds (ETFs) attracted significant inflows on Tuesday according to the latest numbers, raking in a combined $198.5 million.
Bitcoin ETF Inflows
U.S. bitcoin ETFs brought in $135.95 million in new capital. Blackrock’s IBIT led the pack, pulling in $98.89 million. Bitwise‘s BITB followed, adding $17.41 million, while Fidelity‘s FBTC secured $16.8 million. Grayscale‘s Mini Bitcoin Trust rounded out the top gainers, attracting $2.85 million.
These healthy inflows boosted the funds’ cumulative net inflows since Jan. 11 to $1.783 billion. Around $1.11 billion was traded across the 12 funds, which now hold a collective $5.867 billion in BTC – 4.62% of bitcoin’s total market capitalization.
Ether ETF Inflows
Ether ETFs also saw significant inflows of $62.51 million across nine funds. A total of $18.042 million was traded.
Blackrock’s ETHA dominated inflows again, gathering $59.25 million. Meanwhile, Vaneck’s ETHV collected $1.94 million and Invesco’s QETH captured $1.32 million.
These inflows help reduce the cumulative net outflows since July 23, now standing at -$62.417 million. The nine funds currently control $7.2 billion in ETH, representing 2.26% of ether’s market capitalization.
Strong Trading Day
It was a solid day for both bitcoin and ether ETFs, with healthy inflows indicating ongoing confidence in these investment vehicles amidst a strong trading session. The influx of new capital shows that investor appetite remains robust, despite the turbulent markets in 2022.
