Key facts
- U.S. spot Bitcoin ETFs attracted $181 million on Tuesday, following significant outflows the previous day.
- Ether ETFs saw inflows of approximately $58 million.
- BlackRock's IBIT and ETHA ETFs were the primary drivers of these inflows.
- Bitcoin and Ether ETFs experienced their strongest single-session price increases in weeks.
- Total assets in Bitcoin ETFs rose to $78 billion, and Ether ETF assets surpassed $10 billion.
U.S. spot Bitcoin ETFs experienced a significant rebound on Tuesday, attracting approximately $181 million in inflows after a substantial outflow of $425 million the previous day. Ether ETFs also saw positive momentum, adding about $58 million. BlackRock's iShares Bitcoin Trust (IBIT) was a major contributor to the Bitcoin ETF inflows, pulling in roughly $139 million, while Fidelity's FBTC added about $21 million. On the Ether side, BlackRock's ETHA accounted for the entire net inflow of $58 million. The price action mirrored these flows, with Bitcoin ETFs rising close to 4% and Ether ETFs gaining about 6%, marking the strongest single-session performance in weeks. Total assets under management for Bitcoin ETFs increased to approximately $78 billion from $75 billion, and Ether ETF assets crossed the $10 billion mark. July's flow data for Bitcoin ETFs has been characterized by volatility, with inflows and outflows alternating frequently. Over the past week, Bitcoin ETFs saw a net inflow of 2,763 BTC ($172.17 million), and Ether ETFs recorded an inflow of 46,862 ETH ($66.15 million).