Spot bitcoin ETF market in the US saw significant growth on Tuesday, with the 12 listed ETFs reporting a combined total of $870 million in daily net inflows.
This was the highest inflow since early June and was largely driven by the $642.87 million added to the IBIT ETF, which had its biggest inflow in over seven months.
The IBIT ETF, operated by BlackRock, also saw a surge in daily trading volume, reaching $3.36 billion, the highest since March 14.
Other ETFs also experienced inflows, with FBTC seeing $133.86 million, BITB with $52.49 million, HODL with $16.52 million, and ARKB with $12.39 million. However, five other ETFs did not report any flows.
Overall, the total trading volume for the 12 ETFs on Tuesday was $4.75 billion, a significant increase from Monday’s $3 billion.
This spike in volume was noted by Bloomberg ETF senior analyst Eric Balchunas as unusual, as it happened while Bitcoin was on an upward trend, while typically ETFs see higher volumes during market downturns.
