Bitcoin and Ethereum ETFs Draw Inflows as Big Companies Jump Up to 5%

U.S. spot bitcoin ETFs raised about $181 million on Tuesday, a day after losing about $425 million, according to data from SoSoValue. Ether ETFs added around $58 million.

BlackRock’s IBIT drove almost all of this, raising about $139 million, and Fidelity’s FBTC added about $21 million. No bitcoin fund lost money. On the ether side, BlackRock’s ETHA accounted for the total net figure at approximately $58 million, with all other funds flat.

The swing follows the price. Bitcoin ETFs are up about 4% on the day and ether funds are up about 6%, the strongest single-session move in weeks.

Total bitcoin ETF assets rose again to about $78 billion from about $75 billion, and ether ETF assets crossed $10 billion.

July flows have been choppy rather than directional. Bitcoin ETFs have swung between inflows and outflows almost every other session this month, with the $425 million redemption on July 13 being the largest of the run and Tuesday’s bounce being the second-largest inflow. Neither side has held out for more than three days.

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