For the third straight day, U.S. spot Bitcoin ETFs have seen significant capital inflows, marking a potential turning point after weeks of persistent outflows. Just yesterday, these investment vehicles absorbed over $209 million, hinting at renewed investor confidence in the crypto market.
Hundreds of Millions Flowing Back In Bitcoin ETFs
According to data from SoSoValue, Bitcoin ETFs attracted a total of $209 million in fresh capital yesterday. This is a major shift following five consecutive weeks of outflows, during which investors pulled a staggering $5.4 billion from these funds. The tide may finally be turning, as Monday alone saw a $274.6 million inflow—the highest since February 4.
Unsurprisingly, BlackRock’s IBIT ETF emerged as the biggest winner, recording a whopping $218.12 million inflow. However, not all ETFs benefited—Ark Invest & 21Shares suffered $9 million in outflows, while the remaining 10 ETFs stayed relatively neutral.
Is a Trend Reversal in Sight?
These recent positive inflows could signal the beginning of a shift from a bearish market phase to a more bullish period with price increases. While this sounds promising, it’s important to remain realistic.
The crypto market remains heavily influenced by broader macroeconomic factors. One of the biggest variables? Donald Trump’s ongoing tariff war, which continues to fuel geopolitical uncertainty. These trade tensions don’t just impact traditional financial markets—they also create instability in the crypto space. Unless global economic conditions improve, it may take some time before we see sustained price rallies.
Ethereum ETFs Still Struggling
While Bitcoin ETFs are finally attracting capital, the situation for Ethereum (ETH) ETFs remains bleak. Outflows have persisted for 10 consecutive days, marking the longest losing streak since their launch in July last year.
The biggest blow landed on BlackRock’s ETHA fund, which suffered a massive $40.17 million outflow. Grayscale’s Mini Ethereum Trust and Fidelity’s FETH weren’t spared either, witnessing outflows of $9.33 million and $3.32 million, respectively.
So, while Bitcoin seems to be regaining investor trust, Ethereum still has a long way to go before it can shake off its bearish sentiment.
