While last week, U.S. Bitcoin ETFs recorded net outflows, this week has started off on a positive, recording two consecutive days of inflows.
According to fresh data from SoSoValue, Bitcoin-focused Exchange-Traded Funds (ETFs) in the U.S. managed to bring in $38.94 million on Tuesday. This is a 40% increase of the combined inflows of $27.87 million on Monday, and a very welcome continuation of good sentiment into the week. The funds now hold together total assets worth $55.34 billion, which is approximately 4.63% of total Bitcoin market capitalization, at time of writing.
BlackRock’s IBIT fund brought in the most with $34.55 million. Fidelity’s FBTC saw an inflow of $22.56 million and Bitwise recorded inflows of $16.54 million, where the latter had recorded an outflow of $17.06 a day earlier.
Grayscale’s GBTC fund, that lost $11.77 million yesterday, saw another $28.65 million leaving the fund on Tuesday.
Where it was the largest gainer yesterday with $35.40 million, the $ARK Invest and 21Shares’ ARKB fund lost a bit and saw a net outflow of $6.06 million on Tuesday.
Bitcoin ETFs from, VanEck, Valkyrie, Invesco, Grayscale Franklin Templeton, and Wisdom Tree stayed flat on Monday, with no inflows for the day on record.