Market Update: Bitcoin and Ether ETFs Experience Inflows Amid Price Gains

On Tuesday, U.S. spot bitcoin ETFs recorded inflows of approximately $181 million, rebounding from a significant outflow of about $425 million the previous day, as reported by SoSoValue. Ether ETFs also experienced a boost, adding around $58 million.

The inflow was largely driven by BlackRock's IBIT, which attracted about $139 million, while Fidelity's FBTC contributed roughly $21 million. Interestingly, all bitcoin funds reported gains, and the entire increase in ether was attributed to BlackRock's ETHA, with other ether funds remaining stable.

This surge in inflows aligns with notable price increases, as bitcoin ETFs rose nearly 4% and ether funds jumped about 6%, representing the largest single-day gains in several weeks.

Total assets in bitcoin ETFs climbed back to around $78 billion, recovering from about $75 billion, while assets in ether ETFs surpassed $10 billion.

Inflows for July have been erratic, with bitcoin ETFs alternating between gains and losses almost daily. The largest redemption was noted on July 13, amounting to $425 million, followed by Tuesday's resurgence. Neither inflow nor outflow has remained consistent for more than three days.