On Tuesday, Bitcoin hovered around the $92,000 mark, marking a relatively calm day after the substantial outflows recorded on Monday by U.S. Bitcoin ETFs. While the day saw continued net outflows, the scale was less severe compared to the start of the week.
The combined outflows across the 11 Bitcoin ETFs amounted to $122.78 million on Tuesday. Notably, BlackRock’s IBIT fund, which has often turned negative days positive with its inflows, did not add any Bitcoin this time, leaving the daily total firmly in the red.
Three funds recorded outflows for the day:
- Fidelity’s FBTC led the losses with $95.68 million in outflows.
- Grayscale’s GBTC followed with $36.14 million leaving the fund.
- Invesco’s BTCO lost $2.27 million.
Meanwhile, two funds managed to attract inflows:
- Bitwise’s BITB added $6.47 million.
- Grayscale’s BTC saw a modest inflow of $4.84 million.
The remaining funds had no activity, neither adding nor losing assets on the day. These included:
- BlackRock’s IBIT
- Ark Invest’s ARKB
- VanEck’s HODL
- Valkyrie’s BRRR
- Franklin Templeton’s EZBC
- WisdomTree’s BTCW
At the time of writing, Bitcoin is trading at $92,500, reflecting a 1.8% decline over the past 24 hours. While Tuesday brought a pause to the sharp movements seen on Monday, the overall trend for the week remains negative for Bitcoin ETFs.