US spot Bitcoin ETFs took in $119 million in net inflows on Tuesday, reversing Monday's outflow even as bitcoin's price kept falling. Ether ETFs extended their losing streak to six sessions, pushing total outflows to roughly $408 million. Other crypto ETFs posted mixed flows, with gains for XRP and outflows for Solana and Zcash.
Bitcoin exchange-traded funds swung back into net inflows on Tuesday, taking in $119 million, according to SoSoValue data. The move reversed Monday's $90 million outflow.
The rebound came even as bitcoin's own price kept sliding. Bitcoin fell from above $86,600 to below $84,000 on Tuesday, trading at $83,971 at publishing time, down 2.1% over the past 24 hours, according to CoinGecko.
CryptoQuant contributor MorenoDV said bitcoin's recovery faced increased profit-taking as the price traded at a substantial premium to active traders' estimated $68,900 cost basis. Sustaining the recovery would depend on whether fresh demand could absorb that selling, he said.
Ether funds told a different story on Tuesday. The ETFs recorded $202 million in outflows, up sharply from about $51 million on Monday, pushing the six-session outflow total to about $408 million.
Other crypto ETFs showed mixed flows on Tuesday. XRP funds attracted $3.1 million. Solana ETFs recorded $3.7 million in outflows. Zcash ETFs posted no net flows after outflows in the previous two sessions.
Source: Cointelegraph.com News
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