• U.S. Bitcoin ETFs rebound with $31M in net inflows, breaking a week of losses.

  • Fidelity’s FBTC leads with $49M inflows; Grayscale’s GBTC sees $30.3M outflows.

  • Spot Ether ETFs anticipated to launch soon, possibly attracting $15B in 18 months.

After a challenging week marked by persistent outflows, U.S. spot Bitcoin ETFs saw a positive shift with $31 million in net inflows recorded on Tuesday. This turnaround breaks a seven-day streak of net outflows across the spectrum of 11 bitcoin funds.

Leaders and Laggards in Fund Flows 

Fidelity’s FBTC emerged as the leader on Tuesday, attracting $49 million in inflows. Following suit, Bitwise’s BITB added $15 million. Conversely, Grayscale’s GBTC experienced significant withdrawals, facing net outflows of $30.3 million. 

Bitcoin ETF Tracker | 2024-06-25 Daily Total Net Inflow +$31.01M Total Value Traded $2.21B Total Net Assets $53.56B ETF Market Value Ratio 4.39% Net Inflows/Outflows for Each ETF FBTC +$48.79M BITB +$15.20M HODL +$3.50M IBIT $0 BTCO $0… pic.twitter.com/0xXkv7cxqb

— SoSoValue (@SoSoValueCrypto) June 26, 2024

Ark Invest and 21Shares’ ARKB also reported outflows totaling $6 million. Interestingly, BlackRock’s IBIT, despite its substantial trade volume of $1.1 billion, reported zero net flows, reflecting a mixed sentiment in the market.

Moreover, as the crypto industry continues to evolve, attention is now shifting towards the potential launch of spot ether ETFs in the U.S. Following a tentative nod from the SEC, issuers have been actively updating their registration statements in anticipation.Senior Bloomberg ETF analyst, Eric Balchunas, suggests that these could hit the market as soon as next week. 

Matt Hougan of Bitwise anticipates that spot ether ETFs could draw $15 billion in inflows within the first 18 months of their U.S. debut, underscoring the market interest in diversified cryptocurrency investment options.

The recent influx in Bitcoin ETFs might signal a renewed investor confidence, hinting at a more robust performance in the coming months. Meanwhile, the anticipation surrounding ether ETFs continues to build, potentially setting the stage for another significant development in the cryptocurrency investment landscape.

Read Also:

  • U.S. Spot Bitcoin ETFs Maintain 15-Day Inflow Streak with $105M

  • Spot Bitcoin ETFs Suffer $145.83 Million Outflows Amid Market Uncertainty

  • Cardano Aims to Break Losing Streak: Can It Rally to $0.62?

  • XRP Bucks Trend with $700K Inflows as Bitcoin and Ethereum See $70M+ Outflows

  • US Spot Bitcoin ETFs Report $226M outflows, Fidelity’s FBTC leads

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