📶📶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.🥰
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