The US spot Bitcoin exchange-traded funds (ETFs) landscape has undergone a significant shift following a challenging period After experiencing net outflows for seven consecutive trading days, the market saw a positive reversal this TuesdayAccording to data from Spotonchain, these ETFs collectively attracted $31 million in inflows, indicating renewed investor interest amid fluctuating market conditions.
Leading this resurgence is Fidelity’s FBTC with $49 million in net inflows followed closely by Bit’s BITB with $15 million. VanEck’s HODL also contributed $4 to the influx. These inflows signal a noteworthy change in sentiment and could signify increased confidence among institutional and retail investors regarding Bitcoin’s and potential growth.
However, not all funds shared in the gains. Grayscale’s GBTC experienced substantial outflows $30.3 million, while Ark Invest and 21Shares’ ARKB saw a decline with an outflow of $6 million.
Additionally, BlackRock’s IBIT didn’t record any new inflows or outflows despite its high trade volume of $1.1 billion; this indicates a cautious approach among some investors possibly waiting for clearer market signals or regulatory news.
Other funds managed by Invesco Galaxy Digital, Valkyrie, and Franklin Templeton reported zero flows on that day – underlining mixed fortunes across the board. Since their debut in January, the11 spot bitcoin funds have collectively accumulated total net inflows of $14.42 billion – illustrating both growing acceptance of cryptocurrencies as well as highlighting the volatility and rapid changes within this dynamic market.
Tags: BTC
