BlackRock's IBIT product saw over $290 million in inflows on Tuesday, preliminary data published by Farside Investors shows, recording its highest one-day inflow so far this month and the highest since April. The figures were nearly thrice of a previous monthly high of $93 million on May 16.
Overall, ETFs saw nearly $300 million in net inflows on Tuesday, with Grayscale's GBTC showing a five-day streak of inflows. Only Bitwise's BITB and VanEck's HODL recorded outflows at $4 million and $5 million, respectively.
Higher activity this week comes alongside hopes of an ether (ETH) spot ETF getting approved for trading in the U.S., and a positive outlook for cryptocurrencies from Donald Trump ongoing presidential campaign.
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