Bitcoin ETF Inflows Top $3 Billion as Ether Flows Reverse
Bitcoin ETFs have continued their inflow streak for the ninth consecutive trading day, accumulating net inflows of around $3.1 billion. According to SoSoValue data, US spot Bitcoin ETFs pulled in $66.2 million on Tuesday, adding to a broader run of inflows that has already amassed about $3.1 billion.
The persistence of inflows into spot Bitcoin ETFs suggests institutional and retail demand remains steady despite broader market conditions showing signs of pause. At the time of publication, Bitcoin traded around $83,567, down 0.4% over the previous 24 hours, according to CoinGecko.
Not all crypto ETF products mirrored Bitcoin's strength, however. Spot Ether and Zcash ETFs saw net outflows on Tuesday, with spot Ether ETFs ending a seven-day inflow streak with roughly $3 million in net outflows. The shift highlights a broader theme: inflows are not uniformly migrating across the altcoin complex.
Kyle Rodda, senior financial market analyst at Capital.com, told Cointelegraph that rising crude prices are weighing on non-yielding assets, contributing to a pause in Bitcoin's advance. Rodda also said Bitcoin could struggle to regain upward momentum as energy-price risks persist, even as its technical outlook remains 'quite constructive.'