The IBIT from BlackRock dominates as spot bitcoin ETFs record $870 million in daily inflows, the highest since June
The 12 spot bitcoin ETFs in the United States reported total daily net inflows of $870 million on Tuesday, the highest since the first week of June. This was mainly due to net inflows of $642.87 million in the IBIT ETF, its largest daily inflow in over seven months.
BlackRock's spot bitcoin ETF, IBIT, recorded a daily trading volume of $3.360 billion, its highest volume since March 14.
Fidelity's FBTC recorded net inflows of $133.86 million, while Bitwise's BITB recorded inflows of $52.49 million. VanEck's HODL recorded inflows of $16.52 million, and Ark's ARKB and 21Shares recorded inflows of $12.39 million. The other five spot bitcoin ETFs did not record any flows.
The total trading volume of the 12 ETFs increased to $4.750 billion on Tuesday, up from $3.000 billion on Monday.
In a post on X, Bloomberg's senior ETF analyst, Eric Balchunas, wrote that the high trading volume of IBIT was "a little strange," as Bitcoin had risen by 4% at that time and "normally ETF volume increases in a recession or crisis".
