News

Bitcoin ETF Inflows Reach $136M, Marking Fourth Straight Day

Key points:

  • Bitcoin ETF inflows of $136 million on Tuesday, marking the fourth consecutive day of net inflows.
  • BlackRock’s IBIT led the inflows with $98.8 million, marking its most significant single-day inflow since August 26.
Bitcoin ETF inflows reached $135.95M on Tuesday, with BlackRock leading. Ether ETFs also returned to positive flows, totaling $62.51M after Monday’s large outflows.

Bitcoin ETF Inflows Surge to $135 Million Led by BlackRock

U.S. Bitcoin ETFs got 135.95 million dollars in net inflows on Tuesday, making it the fourth straight day of positive flows. Of that amount, BlackRock’s IBIT accounted for $98.89 million, according to data from SoSoValue.

Other large inflows were Bitwise’s BITB with $17.41 million and Fidelity’s FBTC with $16.80 million. Bitcoin ETFs have amassed more than $390 million in inflows thus far this week.

Read more: BNY Mellon Bitcoin ETF Custody Service Now Exempted From SAB 121

Ether ETFs Return to Positive Flows After Monday’s Outflows

Following the large outflows on Monday, spot Ether ETFs returned to positive ground with 62.51 million dollars in net inflows on Tuesday. BlackRock’s ETHA led contributions with 59.25 million dollars.

The other contributors of the inflows were VanEck’s ETHV and Invesco’s ether ETF at 1.94 million dollars and 1.32 million dollars, respectively. The total trading volume for Ether ETFs went up to 180.42 million dollars.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

Recent Posts

$2.9M Raised, 214M Tokens Sold: Why Qubetics, Arbitrum, and Stacks Are the Best Cryptos to Buy Today?

Discover the best altcoins to buy ahead of December 2024. Learn why Qubetics, Arbitrum, and…

2 hours ago

BlockDAG’s $20M Surge in 48 Hrs Powers It Towards $600M, as Ethereum Faces Resistance and Cardano Shows Potential

Discover how BlockDAG is moving towards a $600M goal amidst Ethereum’s price challenges and Cardano’s…

3 hours ago

Best Altcoins to Buy Ahead of December 2024: Turn $2K Into $429K, Don’t Miss Out on the Altcoin Boom of 2024!

Discover the best altcoins to buy ahead of December 2024. Qubetics presale skyrockets, Celestia gains…

5 hours ago

Miami Truck Driver’s Journey with Solana: Made Millions from a $15K Investment! Can BlockDAG Show Similar Growth?

Explore how a Miami trucker turned $15K into $94M through Solana, and his next focus…

5 hours ago

Transparency vs. Decentralization: A Closer Look at Rollblock & BlockDAG Presales

Learn about BlockDAG’s $150M presale success & sustainable blockchain model versus Rollblock’s rise in online…

8 hours ago

BlockDAG’s Innovative Low-Code, No-Code Tech is Redefining the Meme Coin Market – is it the Next Hub for Meme Coin Developers? 

Assess December 2024's prominent meme coins: Dogecoin (DOGE), Pepe (PEPE), & Peanut (PNUT). Learn about…

9 hours ago

This website uses cookies.