Key Takeaways
- • U.S. spot bitcoin ETFs drew $175.99M on Tuesday, extending their winning streak to two sessions and lifting week-to-date inflows above $286M.
- • BlackRock's IBIT took $151.46M and Fidelity's FBTC added $24.54M, with no bitcoin fund recording an outflow, marking broader buying beyond a single issuer.
- • Bitcoin ETF net assets rose to $103.94B on trading value of $1.58B, per the source report.
- • Ether ETFs lost $60.22M on Tuesday, with BlackRock's ETHA shedding $93.28M, and have lost roughly $149M across Monday and Tuesday.
- • Solana ETFs saw a $19.16M outflow entirely from Grayscale's GSOL, while Grayscale's ZCSH extended a six-session inflow streak to $754.87M in net assets.
Summary
U.S. spot bitcoin exchange-traded funds attracted $175.99 million on Tuesday, extending their winning streak to two sessions and bringing week-to-date inflows to more than $286 million. The inflows followed Monday's $110.34 million, and no bitcoin fund recorded an outflow. Trading value reached $1.58 billion, and net assets rose to $103.94 billion.
BlackRock's IBIT remained the dominant destination with $151.46 million, while Fidelity's FBTC added $24.54 million. The source report notes that Monday's entire inflow came through IBIT, so Tuesday's addition of a second major buyer suggests demand is becoming less dependent on a single product. According to the report, this gives bitcoin a firmer start to the week after a volatile but positive prior week.
Ether ETFs continued to weaken, losing another $60.22 million on Tuesday. BlackRock's ETHA shed $93.28 million, extending a pattern that has made it the main source of ether ETF redemptions in recent weeks, while Fidelity's FETH attracted $28.58 million and Grayscale's Ether Mini Trust added $4.48 million. Ether ETF trading totaled $392.33 million, with net assets closing at $14.18 billion. Across Monday and Tuesday, ether ETFs have lost roughly $149 million while bitcoin funds gained more than $286 million.
Solana ETFs suffered a $19.16 million outflow, entirely from Grayscale's GSOL, pushing two-day losses above $27 million, with net assets closing at $1.54 billion. Bitwise's NRR recorded a $4.84 million outflow after attracting capital on Monday. In contrast, Grayscale's ZCSH brought in $3.45 million, extending its inflow streak to six consecutive sessions, with net assets rising to $754.87 million. XRP and HYPE ETFs recorded no net flows.
Research shared by DWF Labs, cited in the report, found that daily ETF flows correlated more strongly with bitcoin's performance over the preceding five days than with returns in the following days. The firm reported a correlation of just 0.03 between ETF flows and the next five days of bitcoin returns, suggesting ETF activity is a better gauge of institutional participation than a forecasting tool. The next signal will be persistence: a third strong bitcoin session would strengthen the case that institutional allocation is rebuilding.
BlackRock's IBIT remained the dominant destination with $151.46 million, while Fidelity's FBTC added $24.54 million. The source report notes that Monday's entire inflow came through IBIT, so Tuesday's addition of a second major buyer suggests demand is becoming less dependent on a single product. According to the report, this gives bitcoin a firmer start to the week after a volatile but positive prior week.
Ether ETFs continued to weaken, losing another $60.22 million on Tuesday. BlackRock's ETHA shed $93.28 million, extending a pattern that has made it the main source of ether ETF redemptions in recent weeks, while Fidelity's FETH attracted $28.58 million and Grayscale's Ether Mini Trust added $4.48 million. Ether ETF trading totaled $392.33 million, with net assets closing at $14.18 billion. Across Monday and Tuesday, ether ETFs have lost roughly $149 million while bitcoin funds gained more than $286 million.
Solana ETFs suffered a $19.16 million outflow, entirely from Grayscale's GSOL, pushing two-day losses above $27 million, with net assets closing at $1.54 billion. Bitwise's NRR recorded a $4.84 million outflow after attracting capital on Monday. In contrast, Grayscale's ZCSH brought in $3.45 million, extending its inflow streak to six consecutive sessions, with net assets rising to $754.87 million. XRP and HYPE ETFs recorded no net flows.
Research shared by DWF Labs, cited in the report, found that daily ETF flows correlated more strongly with bitcoin's performance over the preceding five days than with returns in the following days. The firm reported a correlation of just 0.03 between ETF flows and the next five days of bitcoin returns, suggesting ETF activity is a better gauge of institutional participation than a forecasting tool. The next signal will be persistence: a third strong bitcoin session would strengthen the case that institutional allocation is rebuilding.
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