Institutional Investors Drive Bitcoin ETF Inflows
- Bitcoin ETFs attracted $175.62 million on Tuesday, reversing a $65.40 million outflow from the previous day.
- Fidelity led with $103.06 million in inflows, while Blackrock’s contribution was $65.89 million.
- Ether ETFs saw their first positive session after ten days of redemptions, gaining $24.84 million.
- Solana and Zcash remained under pressure, with Solana losing another $1.04 million in ETF outflows.
- NEAR continued to attract capital, adding $3.93 million to its ETF assets.
Tuesday marked a significant turnaround for bitcoin and ether ETFs as institutional investors showed renewed interest, particularly in bitcoin products led by Fidelity and Blackrock’s offerings.
The inflows into bitcoin ETFs suggest a potential shift towards rebuilding exposure after recent sell-offs, with ether also seeing modest gains following an extended period of redemptions.(Source)
