On Monday, U.S. Bitcoin ETFs saw significant activity, with the 11 combined funds bringing in $235.19 million in inflows. However, Tuesday told a different story as $18.66 million exited the funds, according to data from SoSoValue.
Only three of the funds recorded movement. BlackRock’s IBIT was the only one to purchase Bitcoin, adding $39.57 million. Meanwhile, Fidelity’s FBTC and Grayscale’s GBTC went the other way, selling off $48.82 million and $9.41 million in Bitcoin, respectively.
The other funds, including Bitwise, Invesco, VanEck, Grayscale (BCT), Ark Invest, Franklin & Templeton, Valkyrie, and WisdomTree, didn’t record any inflows or outflows for the day.
As of now, Bitcoin is trading at $62,364, reflecting a slight 0.30% drop over the last 24 hours but up 1.41% for the week, based on data from CoinMarketCap.
We’re keeping an eye on these daily shifts in ETF inflows and outflows for you at HowToBuyBitcoin.org, so stay tuned for the latest updates.