Bitcoin ETFs extend nine-day inflows; Ether funds see outflows

U.S. spot Bitcoin exchange-traded funds attracted $66.2 million on Tuesday, extending a nine-day inflow run that added about $3.1 billion, according to data from SoSoValue. Year-to-date net inflows into Bitcoin ETFs stood at roughly $1 billion.

Spot Ether ETFs posted about $3 million in net outflows on Tuesday, ending a seven-session inflow streak that had brought in more than $851 million. Since their launch, Ether ETFs have recorded cumulative net inflows near $14 billion. Zcash ETFs recorded $8 million in net outflows on Monday, reversing a six-day inflow run.

Bitcoin traded around $83,567 at the time of publication, down about 0.4% over the previous 24 hours. The Crypto Fear & Greed Index fell to 71 from 73 a day earlier and remained in “Greed” territory.

Spot ETFs hold the underlying tokens directly rather than futures or derivatives. Since regulators approved spot crypto ETFs, managers have reported concentrated inflows into Bitcoin products, while funds tied to Ether and other tokens showed mixed daily flows.

“The rise in crude prices is capping non-yielding assets, so Bitcoin’s rally has taken a bit of a pause,” Kyle Rodda, senior financial market analyst at Capital.com, noted, adding that energy-price risks could limit Bitcoin’s near-term upward momentum while its technical picture remained ‘quite constructive.’

Market participants monitor daily flows as a gauge of institutional and retail demand. Flows can change with price moves, macroeconomic data and developments in commodity markets such as crude oil.