BlackRock’s IBIT led the rebound with $42 million in inflows, followed by $26.35 million into Bitwise’s BITB.
US spot Bitcoin exchange-traded funds (ETFs) broke a four-day outflow streak on Wednesday, posting $91.5 million in net inflows, according to data from SoSoValue.
Key Takeaways:
- US spot Bitcoin ETFs rebounded with $91.5M in net inflows, breaking a four-day outflow streak.
- BlackRock’s IBIT led the recovery, while ARK & 21Shares’ ARKB was the only major fund with outflows.
- Analysts suggest recent selloffs were fear-driven, not fundamental, as Ethereum ETFs also returned to net inflows.
BlackRock’s IBIT led the rebound with $42 million in inflows, followed by $26.35 million into Bitwise’s BITB.
Grayscale’s GBTC also turned positive, bringing in $14.5 million. Funds from Fidelity and VanEck posted smaller gains, while ARK & 21Shares’ ARKB was the only major fund to register outflows, shedding $5.37 million.
Bitcoin ETFs Rebound After $1.45B Outflow Amid Market Jitters
The return to inflows follows a sharp $1.45 billion exodus over the previous four trading sessions, driven by uncertainty in macroeconomic indicators and a pullback in risk appetite.
As reported, the crypto ETF market saw a sharp selloff, with over $333 million pulled from U.S. spot Bitcoin ETFs and $465 million from Ethereum ETFs on Tuesday.
