Bitcoin ETFs Rebound With $76.4M in Fresh Inflows
Bitcoin ETFs bounce back with $76.4M in net inflows, led by BlackRock’s IBIT. A positive turn after last week’s $878M outflows.
- Bitcoin ETFs saw $76.4M in net inflows on Tuesday.
- BlackRock’s IBIT led with $38.2M inflow.
- Signs of recovery after $878M outflow streak last week.
Bitcoin ETFs Show Strong Signs of Recovery
After a brutal week of $878 million in net outflows, U.S. spot Bitcoin ETFs are showing signs of life. On Tuesday, these ETFs brought in a combined $76.4 million in net inflows, signaling renewed investor confidence in Bitcoin and the broader crypto market.
This uptick could mark the beginning of a broader rebound, especially as market participants start recalibrating their strategies following recent volatility and profit-taking behavior.
BlackRock’s IBIT Leads the Charge
BlackRock’s iShares Bitcoin Trust (IBIT) was the top performer, pulling in $38.2 million in net inflows. This isn’t surprising, as IBIT has consistently been a dominant force among the spot Bitcoin ETFs, backed by BlackRock’s credibility and robust investor interest.
ARK Invest’s ARKB followed with $13.4 million, and Bitwise’s BITB came in third, drawing $11 million. While smaller compared to IBIT, these numbers reflect sustained interest across the board for multiple issuers—not just the big players.
A Positive Shift in Market Sentiment?
Last week’s massive outflows triggered concern over waning interest in Bitcoin ETFs, possibly linked to short-term profit-taking or macroeconomic jitters. However, Tuesday’s inflows suggest that investor sentiment might be turning more optimistic.
Institutional and retail investors appear to be gradually regaining confidence, potentially betting on a Bitcoin price recovery or viewing recent dips as buying opportunities. The next few days will be crucial in determining whether this trend holds or fizzles out.
