Bitcoin ETFs See $181 Million Inflows After $425 Million Outflows

U.S. spot bitcoin ETFs recorded net inflows of about $181 million on Tuesday, a reversal from outflows of roughly $425 million the previous day, CoinDesk reported citing SoSoValue data. Ether ETFs added about $58 million.

BlackRock's IBIT bitcoin ETF accounted for the bulk of the bitcoin inflows with roughly $139 million, while Fidelity's FBTC added about $21 million. No bitcoin ETF posted net outflows. On the ether side, BlackRock's ETHA captured the entire $58 million net inflow, and all other ether ETFs recorded zero net flows.

Bitcoin ETF share prices rose close to 4 percent on Tuesday, while ether ETF prices increased about 6 percent. Total assets under management in bitcoin ETFs climbed to roughly $78 billion from about $75 billion the day before, and ether ETF assets crossed $10 billion. July flows have remained choppy.

The $425 million redemption on July 13 marked the largest single-day bitcoin ETF outflow of the month, and Tuesday's inflow ranked as the second-largest single-session gain of July. Bitcoin ETFs have alternated between inflows and outflows nearly every other session this month, with neither direction holding for more than three days.