Spot bitcoin exchange-traded funds (ETFs) in the U.S. maintained robust momentum with $817.5 million in daily net inflows on Tuesday, following Monday’s impressive $1.1 billion inflow. This continued strength comes as bitcoin experiences a temporary pause in its recent rally, dropping 3.4% to $86,855.
BlackRock Leads Latest Wave of ETF Investments
BlackRock’s IBIT emerged as the frontrunner in Tuesday’s trading, attracting $778.3 million in new investments and accumulating $1.93 billion so far this week. Fidelity’s FBTC added $37.2 million, while VanEck’s HODL and Grayscale’s Mini Bitcoin Trust each secured over $10 million in inflows. However, Grayscale’s GBTC experienced outflows of $17.8 million, and Ark’s ARKB saw $5.4 million exit the fund. The overall daily trading volume reached $5.7 billion, showing continued strong market participation despite being lower than Monday’s $7.3 billion.
Historic Inflows Mark Post-Election Trading Surge
The momentum in spot bitcoin ETFs marks a dramatic shift from pre-election caution, when investors withdrew over $712.8 million from these funds. Thursday’s record-breaking inflows of $1.4 billion, led by BlackRock’s IBIT with $1.1 billion, demonstrate renewed investor confidence following Donald Trump’s presidential victory. This surge coincided with bitcoin reaching new heights at $76,943, though the cryptocurrency has since experienced a modest pullback as profit-taking emerges in the market.
BRN analyst Valentin Fournier suggests the current market pause indicates profit-taking by large investors, while noting that upside potential remains stronger than immediate downside risks. However, he cautions that the upcoming CPI release could introduce new market volatility if figures exceed expectations.
