Bitcoin ETFs See $225M Inflows Led by BlackRock's IBIT

US spot Bitcoin ETFs experienced $225.2 million in net inflows on Tuesday, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) bringing in $322.4 million. This inflow was substantial enough to cover the $89.3 million in outflows from Fidelity Wise Origin Bitcoin Fund (FBTC) and $28.2 million from Grayscale Bitcoin Trust ETF (GBTC).

These inflows contribute to a weekly total of $683.3 million, following the first week of positive flows after a five-week streak of outflows totaling nearly $4 billion. Despite this, broader crypto market sentiment remains cautious, with the Crypto Fear & Greed Index indicating "extreme fear."

In contrast to Bitcoin, Ether ETFs saw $10.8 million in outflows, though XRP and Solana funds registered minor inflows. The market uncertainty was partly attributed to geopolitical risks. Furthermore, investor debate continued, with Ray Dalio criticizing Bitcoin's privacy and market size, while Bitwise CIO Matt Hougan countered that these criticisms represent long-term investment opportunities.

(Source：Cointelegraph)