US spot bitcoin ETFs rebound with $117 million in daily inflows led by Fidelity’s FBTC
On Tuesday, spot bitcoin exchange-traded funds in the U.S. posted total daily net inflows worth $117 million.Fidelity’s FBTC led with $63.16 million daily inflows among bitcoin ETFs.
Spot bitcoin exchange-traded funds in the U.S. posted total daily net inflows worth $116.96 million on Tuesday. The funds shifted to net inflows on Monday, ending their eight-day streak of negative flows.
Fidelity’s FBTC led the pack of inflows, as it did on Monday, with $63.16 million. Grayscale’s Bitcoin Mini Trust followed with $41.13 million in inflows, according to SoSoValue data . Ark Invest and 21Shares’ ARKB also reported inflows of $12.68 million.
Meanwhile, BlackRock’s IBIT and the other eight funds recorded zero daily flows. IBIT has not experienced net inflows since Aug. 26.
The 12 bitcoin ETFs recorded a daily trading volume of $712.27 million on Tuesday, markedly lower than their usual volumes between $1 billion and $2 billion. According to data, this is also the third lowest daily trade volume for spot bitcoin ETFs, the lowest since February 6. Since their launch, the bitcoin funds have accumulated $17.04 billion in net inflows.
Ether ETFs post inflows
Spot Ethereum ETFs in the U.S. saw net inflows of $11.44 million, ending their five-day outflow streak. It’s also the first net inflows seen from ether ETFs since Aug. 28.
Fidelity’s FETH recorded the largest net inflows for the day, with $7.13 million. BlackRock’s ETHA followed with $4.31 million. The remaining seven ether funds saw zero flows on Tuesday.
The nine ETFs' total daily trading volume was $102.87 million, lower than Monday’s $124.51 million. Their cumulative net outflows stand at $562.06 million.
Meanwhile, bitcoin's price fell 0.53% in the past 24 hours to trade at around $56,296, while ether dipped 0.61% to $2,323, according to The Block’s crypto price page . The two tokens experienced volatility Tuesday night as the first presidential debate between Kamala Harris and Donald Trump occurred.
Markets are now looking toward significant data on the U.S. economy, such as the consumer price index on Wednesday and the producer price index on Thursday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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