Key Points
- Spot Bitcoin ETFs recorded substantial daily net inflows of $817.5 million on Tuesday, with BlackRock’s IBIT leading the charge at $778.3 million, though Bitcoin’s price retreated 3.4% from its $90,000 peak
- Ethereum ETFs marked their second-highest inflows since launch at $135.9 million, with total cumulative flows turning positive for the first time since their July debut, reaching $94.62 million
Bitcoin ETF Performance and Market Dynamics
The U.S. spot Bitcoin ETF market continues to demonstrate robust investor interest, with Tuesday’s trading volume reaching $5.7 billion. While this represents a decrease from Monday’s $7.3 billion, it still significantly exceeds last Friday’s $2.8 billion volume. BlackRock’s IBIT emerged as the dominant force, accumulating $1.93 billion in inflows this week alone. Other notable performers included Fidelity’s FBTC with $37.2 million in inflows, while Grayscale’s Mini Bitcoin Trust and VanEck’s HODL each secured over $10 million.
However, not all funds shared in the success, as Grayscale’s GBTC experienced outflows of $17.8 million, and Ark and 21Shares’ ARKB saw $5.4 million in net outflows.
Market Correction and Future Outlook
Bitcoin’s recent rally has hit a temporary pause, with the cryptocurrency falling 3.4% to $86,855 after briefly surpassing $90,000. BRN analyst Valentin Fournier suggests this represents profit-taking by large investors, though he maintains that upside potential currently outweighs immediate downside risks. The upcoming CPI release could introduce additional market volatility if figures exceed expectations.
Ethereum ETF Milestone
The spot Ethereum ETF market reached a significant milestone as cumulative total flows turned positive for the first time since their July 23 launch, reaching $94.62 million. This marks a remarkable recovery from September 23’s negative $686 million position. BlackRock’s ETHA led Tuesday’s inflows with $131.5 million, followed by Bitwise’s ETHW with $17 million and Grayscale’s Mini Ethereum Trust with $12.7 million. Trading volume remained strong at $582.2 million, representing the second-largest volume since July 29, despite a decrease from Monday’s $913 million.
Grayscale’s ETHE stood as the only Ethereum ETF reporting negative flows, with outflows of $33.2 million.
