US spot Bitcoin exchange-traded funds saw a return to net inflows on Tuesday, recording $119 million. This result reverses the previous day's net loss of $90 million, according to data provided by SoSoValue.
The price of Bitcoin experienced a decline on Tuesday, dropping from above $86,600 to below $84,000. At the time of reporting, the asset traded at $83,971, marking a 2.1% decrease over the preceding 24 hours.
Market analyst MorenoDV noted that Bitcoin's recovery is currently encountering increased profit-taking activity. The price is trading at a premium compared to the estimated cost basis of $68,900 for active traders.
Ether ETFs faced a significant increase in outflows, reaching $202 million on Tuesday compared to $51 million on Monday. This extends the current outflow streak to six consecutive sessions, totaling approximately $408 million.
Other cryptocurrency ETFs reported varied results on Tuesday. XRP-based funds attracted $3.1 million in inflows, while Solana ETFs recorded outflows of $3.7 million. Zcash ETFs saw no net flow activity during the same period.
