Bitcoin ETFs Add $176M as 2-Day Inflows Exceed $286M

BitcoinBTC+0.55% Spot ETFs Gain Momentum with $176 Million Inflow

Institutional investors continue to pour capital into spot Bitcoin exchange-traded funds (ETFs). On Tuesday, U.S. Bitcoin ETFs added $175.99 million in fresh capital.

This follow-up entry comes after Monday's strong $110.34 million inflow. Together, these two positive sessions pushed week-to-date inflows above $286 million.

While strong ETF buying highlights growing institutional interest, investors should remember that crypto market sentiment can change quickly, and capital flows may reverse during volatile periods.

Past performance of digital assets is not a guarantee of future returns. You can check current market prices anytime on bitkub.com/th/market/BTC.

BlackRock and Fidelity Lead the Charge

BlackRock's iShares Bitcoin Trust (IBIT) remained the top destination for buyers, bringing in $151.46 million on Tuesday.

Unlike Monday, when BlackRock was the sole buyer, Tuesday saw broader demand. Fidelity's Wise Origin Bitcoin Fund (FBTC) joined in, securing $24.54 million in new capital.

Not a single Bitcoin ETF registered net outflows on Tuesday. Total daily trading volume reached $1.58 billion, lifting combined net assets under management to $103.94 billion.

Ether ETFs Face Persistent Outflows

While Bitcoin saw strong demand, spot Ether ETFs experienced a very different day. Funds tied to EthereumETH+0.20% lost $60.22 million on Tuesday.

BlackRock's iShares Ethereum Trust (ETHA) drove most of the declines, shedding $93.28 million. This continues a trend of ETHA being the primary source of redemptions in recent weeks.

Some Ether funds did manage positive numbers. Fidelity's FETH brought in $28.58 million, and Grayscale's Ether Mini Trust added $4.48 million.

Despite those gains, total two-day withdrawals across Ether ETFs hovered near $149 million. Total net assets for Ether ETFs closed at $14.18 billion on $392.33 million in trading volume.

Mixed Picture for SolanaSOL+0.33%, NEAR, and Other Altcoins

Solana ETFs also stayed in negative territory on Tuesday, losing $19.16 million. All of those withdrawals came directly from Grayscale's GSOL fund.

This marks a second straight day of declines for Solana funds, following Monday's $8.23 million withdrawal. Two-day losses now exceed $27 million, leaving net assets at $1.54 billion.

Other altcoin products showed mixed results across the market:

• Bitwise NEAR ETF (NRR): Shed $4.84 million after seeing gains earlier in the week.
• XRPXRP-0.14% and HYPE ETFs: Recorded zero net flows for the session.
• Grayscale Zcash Trust (ZCSH): Added $3.45 million, extending its inflow streak to six consecutive days with net assets touching $754.87 million.

The steady interest in Zcash comes as the privacy protocol marks its 10th anniversary on October 28, with asset manager Grayscale highlighting its 20% developer funding model.

Do ETF Inflows Help Predict Price Moves?

Many traders closely track daily ETF numbers to guess where prices are going next. However, recent data from DWF Labs suggests these flows may follow price movements rather than lead them.

The research firm measured the correlation between daily ETF flows and Bitcoin's returns over the subsequent five days, finding a reading of just 0.03.

This near-zero relationship suggests institutional ETF buying often reflects recent price increases rather than forecasting upcoming rallies. Instead of a crystal ball, ETF flows act as a pulse check on institutional participation.