Blackrock's Dominance Keeps Bitcoin ETFs Afloat

Blackrock's IBIT dominated bitcoin ETF flows on Tuesday, attracting $50.20 million and offsetting outflows elsewhere to leave the category with a $4.89 million net inflow.

The modest net inflow was largely due to Blackrock's success, as five other funds saw selling pressure. Franklin Templeton's EZBC recorded the largest exit at $16.46 million, while ARK 21Shares' ARKB lost $11.55 million and VanEck's HODL shed $10.30 million.

However, it's worth noting that even though bitcoin ETFs turned green on Tuesday, ether funds remained in the red with a $1.76 million net withdrawal.

Solana was the only altcoin ETF category to record flows, with Morgan Stanley's MSOL attracting $1.43 million and lifting the category to a positive finish.