XRP's Flag Pattern: What to Expect? Dogecoin Reaches Equilibrium, Bitcoin Critical Support Level ReachedOverall, Bitcoin ETFs bled a whopping $338 million on Tuesday. Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF logged $83.16 million and $75 million million worth of outflows, respectively. Bitwise Bitcoin ETF is the only ETF product in the green with $8.5 million worth of inflows. The company’s Ethereum ETH is also in the green with roughly $6 million worth of inflows.
“Grateful as ever to the investors that choose Bitwise to steward their assets in the space. Excited for the road ahead,” Bitwise CEO Hunter Horsley said. Of course, one should not miss the forest for the trees when analyzing the most recent ETF data. Despite the recent underperformance, BlackRock's spot Bitcoin ETF is still tremendously successful product, which is likely to be viewed as the biggest cryptocurrency story of the year. Overall, IBIT has attracted nearly $54 billion in net assets in less than a year.
As reported by U.Today, Bitwise predicted that the total inflows recorded by Bitcoin ETFs this year could eclipse those recorded in 2024. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.