Bitcoin ETFs Add $176M as 2-Day Inflows Top $286M

U.S. bitcoin ETFs attracted $175.99 million on Tuesday, extending their winning streak to two sessions and bringing week-to-date inflows to more than $286 million. Bitcoin’s institutional bid strengthened Tuesday, and this time the buying widened beyond Blackrock. Spot bitcoin exchange-traded funds (ETFs) drew $175.99 million after Monday’s $110.34 million inflow. Blackrock’s IBIT remained the dominant destination with $151.46 million, while Fidelity’s FBTC added $24.54 million. No bitcoin fund recorded an outflow, as trading value reached $1.58 billion, with net assets rising to $103.94 billion. The shift in breadth is important. Monday’s entire inflow came through IBIT. Tuesday added a second major buyer in Fidelity, suggesting demand is becoming less dependent on a single product. That gives bitcoin a firmer start to the week after last week’s volatile but positive finish.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.