US spot Bitcoin ETFs recorded strong net inflows on Tuesday, adding $225.2 million despite significant redemptions from several major funds. The gains were largely driven by BlackRock’s iShares Bitcoin Trust (IBIT), which helped stabilize the broader ETF market.
BlackRock’s IBIT Leads Bitcoin ETF Inflows
The iShares Bitcoin Trust (IBIT) attracted $322.4 million in fresh capital, offsetting notable outflows from competitors. According to market data, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw $89.3 million in outflows, while the Grayscale Bitcoin Trust ETF (GBTC) recorded $28.2 million in redemptions.
Despite mixed performance across issuers, total net inflows reached $225.2 million for the day. This brings weekly inflows to $683.3 million, building on last week’s $787.3 million in positive flows. Notably, last week marked the first break in a five-week streak of outflows that had totaled nearly $4 billion.
Bitcoin was trading near $69,448 at the time of reporting, reflecting a 5.4% gain over the past seven days. However, investor sentiment remains cautious.
The Crypto Fear & Greed Index, a widely followed sentiment gauge, dropped to 10 on Wednesday after briefly recovering to 14. The reading signals “extreme fear” in the market, even as prices rebound.
Ether ETFs See Outflows as Market Uncertainty Persists
While Bitcoin ETFs posted overall gains, Ether-focused funds slipped into negative territory. Spot Ether ETFs recorded $10.8 million in outflows, highlighting ongoing investor hesitation amid broader market uncertainty.
In contrast, XRP and Solana investment products remained in positive territory. XRP funds brought in $7.5 million, while Solana funds attracted $1 million in inflows.
Geopolitical tensions in the Middle East and macroeconomic concerns continue to weigh on crypto markets, contributing to the uneven fund flows.
Meanwhile, billionaire investor Ray Dalio voiced skepticism about Bitcoin during an appearance on the All-In Podcast. Dalio cited concerns about limited privacy, potential risks from quantum computing, and Bitcoin’s relatively small market size compared to gold.
Bitcoin supporters were quick to respond. Matt Hougan, chief investment officer at Bitwise Asset Management, framed the criticism as a long-term opportunity. Hougan argued that these concerns help explain why Bitcoin’s market capitalization remains roughly 4% that of gold — and suggested that if those issues are resolved over time, Bitcoin’s valuation could rise significantly.
