After a turbulent week in the crypto markets, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $76.4 million in net inflows on Tuesday, signaling renewed investor confidence. The positive inflow follows Monday’s modest $1.5 million and marks two straight days of net inflows after a seven-day outflow streak that saw $878 million exit the market.
The leading contributor to the recovery was BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $38.2 million on Tuesday. ARK 21Shares’ ARKB followed with $13.4 million, while Bitwise’s BITB pulled in nearly $11 million. Other products, including Grayscale’s Bitcoin Mini Trust and Franklin Templeton’s EZBC, also logged smaller but positive inflows.
Basis Trade Strategy Influences ETF Flows
According to Peter Chung, head of research at Presto Research, these inflows are largely driven by basis trade strategies — where investors go long on spot ETFs while shorting CME Bitcoin futures.
“In the last few days, the CME basis yield has rebounded as risk-on assets began to stabilize,” Chung explained. “This shift may be prompting investors to re-enter spot ETF positions, anticipating favorable price movements between spot and futures markets.”
Bitcoin Price Slips After Brief Rally
Despite the ETF inflows, Bitcoin’s price dipped 2% in the last 24 hours, trading around $83,642 after briefly pushing above $86,000 earlier on Tuesday. The broader crypto market remains cautious following last week’s crash, which was partly triggered by tariff policy announcements from U.S. President Donald Trump that spooked global investors.
ETF Trading Volume Down, Ethereum ETFs Still Bleeding
Overall, trading activity in the spot Bitcoin ETF sector cooled slightly, with total daily volume across all 12 products reaching $1.6 billion on Tuesday, down from $2.2 billion on Monday and $3.5 billion on Friday.
While Bitcoin ETFs show signs of a rebound, Ethereum-focused spot ETFs are still struggling. On Tuesday alone, $14.2 million exited Ethereum ETF products, extending their six-day outflow streak amid waning investor interest.
Conclusion: The renewed inflows into spot Bitcoin ETFs suggest improving sentiment among institutional investors, especially as the futures market stabilizes. However, with Bitcoin prices still volatile and Ethereum ETFs under pressure, the crypto ETF market remains a mixed bag. All eyes now turn to whether Bitcoin can maintain momentum or if further downside is on the horizon.
