A curious thing happened in the world of Bitcoin ETFs this past Tuesday. After a stretch of quiet trading, these funds saw a sudden rush of capital, pulling in a hefty $524 million in net inflows. It was the best single day for these investment vehicles since early October, right after Bitcoin itself hit what the source described as an all-time high of around $126,000 on October 6.
- Bitcoin ETFs experienced a significant surge in net inflows, reaching $524 million, marking their best trading day since early October. This occurred despite a slight dip in Bitcoin’s price.
- While Bitcoin ETFs saw strong inflows, U.S. Ethereum ETFs experienced substantial outflows, totaling $107.1 million on Tuesday.
- Newly launched U.S. spot Solana ETFs continued to attract investment, bringing in $8 million, indicating growing interest in the altcoin.
Think of it like this: the market had been holding its breath, and then, all at once, a collective exhale of investor confidence. BlackRock’s IBIT led the charge, securing $224.2 million. Fidelity’s FBTC wasn’t far behind, bringing in $165.9 million. Ark Invest’s ARKB added another $102.5 million to the pot.
Even Grayscale’s BTC, which often sees outflows, managed to attract $24.1 million. Bitwise’s BITB chipped in $7.3 million. The remaining funds, well, they sat still, showing zero flows for the day. These numbers, compiled by The Block, paint a clear picture of where the big money moved.
Since their launch in January 2024, these Bitcoin ETFs have become quite the magnet for capital. They have now drawn a total of $60.8 billion in net inflows. The cumulative trading volume across all these funds is now nudging close to the $1.5 trillion mark. That’s a lot of digital paper changing hands, wouldn’t you say?
What makes this Tuesday surge even more interesting is that it happened even as Bitcoin’s price dipped a bit. The foremost cryptocurrency dropped roughly 3% on Tuesday, landing around $103,000. However, by early Wednesday trading, it had regained some ground, trading at $104,724, according to The Block’s price page.
A Shifting Tide for Bitcoin Funds
Before this recent uptick, the Bitcoin ETFs had been experiencing a period of what some might call “cooling demand.” It followed a significant deleveraging event on October 10. K33 Head of Research Vetle Lunde pointed this out in a new report.
The 30-day flows for these funds stood at a negative 29,008 BTC. Lunde noted this marked the worst 30-day flow since March 2025. Yes, you read that right, March 2025. It also represented weaker flows than any period seen in 2024.
Lunde offered some perspective on this. He suggested that ETP (exchange-traded product) flows often move in waves. Periods of outflows, he said, tend to be shorter than periods of inflows. He views the recent selling pressure from ETF owners as a temporary reflection of derisking.
He expects 30-day flows to trend higher from here. In his view, the negative 29,008 BTC flow marks the bottom for the second half of 2025. It’s a bold prediction, hinting at a rebound on the horizon.
BRN Head of Research Timothy Misir, however, offered a slightly more cautious take. While he found the renewed Bitcoin ETF inflows encouraging, he observed a longer pattern of “cautious, episodic demand.” This, he explained, is not quite a sustained bid.
Misir believes that a true recovery needs broader, consistent spot flows. These flows would help break through the $108,000–$110,000 range, which he called a “battleground.” It seems the market isn’t out of the woods just yet, even with a strong day of inflows.
A Mixed Bag for Other Crypto ETFs
While Bitcoin ETFs enjoyed a good day, the picture for other crypto investment products was a bit more varied. Take the U.S. Ethereum ETFs, for example. They saw net outflows of $107.1 million on Tuesday. Grayscale’s ETH product accounted for a significant portion of this, with $75.7 million leaving its coffers.
This adds to a largely negative trend for Ethereum ETFs this month. They have accumulated nearly $615 million in outflows so far. It makes you wonder if investors are shifting their focus, or simply taking profits elsewhere.
On the flip side, the newer U.S. spot Solana ETFs brought in another $8 million in net inflows on Tuesday. This is a notable contrast to Ethereum. For the first time, Grayscale’s GSOL topped Bitwise’s BSOL, adding $5.9 million compared to Bitwise’s $2.1 million.
Since they began trading on October 28, cumulative Solana ETF inflows stand at around $350.5 million. It suggests a growing interest in Solana, perhaps as investors look beyond the two largest cryptocurrencies.
Then there are the recently launched U.S. spot HBAR and Litecoin ETFs. They generated zero flows for the day. Since their debut on October 28, HBAR has attracted a modest $71.1 million in cumulative net inflows. Litecoin has seen even less, with $4.5 million, according to SoSoValue data.
It seems the market is still figuring out its appetite for these newer, smaller crypto ETFs. The big players like Bitcoin and Ethereum still command the most attention, for better or worse. But the quiet growth of Solana funds offers a glimpse into potential future trends.
So, what does this all mean? We saw a strong rebound for Bitcoin ETFs, breaking a recent cold streak. Yet, the broader market shows a patchwork of investor sentiment. Bitcoin’s bounce, Ethereum’s retreat, and Solana’s steady climb all tell different stories. It leaves us to ponder if this is the start of a new wave, or just a momentary ripple in the crypto ocean.
