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Bitcoin and ether spot ETFs rebound with strong inflows

U.S. spot bitcoin ETFs took in about $181 million after a roughly $425 million outflow day, while ether ETFs added about $58 million.

Reported · Written up by our desk · Market Structure

CoinDesk reports that both U.S. spot bitcoin and ether ETFs logged net inflows as the funds swung back after a heavy outflow session. Data from SoSoValue showed bitcoin ETFs pulled in about $181 million on Tuesday, following about a $425 million drop the prior day, while ether ETFs added roughly $58 million.

BlackRock’s bitcoin ETF, IBIT, drove nearly all of the day’s net inflow with about $139 million, and Fidelity’s FBTC added about $21 million. CoinDesk also reported that no bitcoin fund lost money on the day.

On the ether side, BlackRock’s ETHA accounted for the entire net figure at about $58 million, with other ether funds flat. The swing in flows tracked price movement, with bitcoin ETFs rising close to 4% and ether funds up about 6%, the strongest single-session moves in weeks.

CoinDesk said July flows have been choppy, with bitcoin ETFs alternating between inflows and outflows nearly every other session. Total bitcoin ETF assets climbed back to roughly $78 billion from about $75 billion, and ether ETF assets crossed $10 billion, after a large July 13 redemption of about $425 million that was followed by Tuesday’s rebound.

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