Bitcoin ETFs Log $225.2M Net Inflows Led by BlackRock's IBIT

Bitcoin ETFs Log $225.2M Net Inflows Led by BlackRock's IBIT — Cointelegraph.com News
Source: Cointelegraph.com News

US spot Bitcoin ETFs saw mixed trading flows on Tuesday, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) offsetting redemptions. Data from SoSoValue show net inflows of $225.2 million. Farside data put IBIT’s inflows at $322.4 million, which offset $89.3 million in outflows from Fidelity Wise Origin Bitcoin Fund (FBTC) and $28.2 million from Grayscale Bitcoin Trust ETF (GBTC).

The inflows lift this week’s total to $683.3 million, following $787.3 million in inflows last week — the first positive week after five consecutive weeks of outflows totaling nearly $4 billion. Market sentiment remained cautious; CoinGecko shows Bitcoin rebounded 5.4% over the past seven days while the Crypto Fear & Greed Index fell to 10 after briefly recovering to 14.

Ether ETFs slipped into negative territory with $10.8 million in outflows, while XRP and Solana funds recorded inflows of $7.5 million and $1 million, respectively. Geopolitical risks tied to the Middle East conflict weighed on investor sentiment.

United States

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