Summary
TLDR: Bitcoin U.S. spot ETFs saw a $418 million net inflow on Tuesday after 5 days of outflows last week during Bitcoin’s dip below $60,000. This signals renewed confidence among institutional investors, with Fidelity’s Wise Origin Bitcoin Trust ETF leading the surge. The total assets under management across Bitcoin ETFs are nearly $59 billion, indicating growing institutional interest in Bitcoin exposure through regulated investment vehicles.
Key Points
1. Bitcoin U.S. spot ETFs saw a remarkable reversal this week, with a massive $418 million net inflow on Tuesday, following five consecutive days of outflows last week during Bitcoin’s dip below $60,000.
2. The turnaround signals renewed confidence among institutional investors, who have eagerly piled into Bitcoin ETFs since the first US ETF approval earlier this year. The SEC has now approved eleven spot Bitcoin ETFs after years of rejecting applications.
3. Fidelity’s Wise Origin Bitcoin Trust ETF (FBTC) led Tuesday’s surge with a staggering $279 million in inflows, the largest single-day gain since its launch. The influx starkly contrasts last week’s bearish sentiment, indicating a return of institutional interest as Bitcoin stabilizes around $70,000.