Blackrock's $50M inflow lifts Bitcoin ETFs despite outflows in other funds

On Tuesday, U.S. spot Bitcoin ETFs saw a net inflow of $4.89 million, primarily driven by a $50.2 million investment into Blackrock's IBIT fund. This inflow offset outflows totaling $45.31 million from five other Bitcoin ETFs, including Franklin Templeton and ARK 21Shares. Ether ETFs experienced a modest $1.76 million withdrawal, while Solana ETFs attracted fresh capital, notably Morgan Stanley's MSOL with $1.43 million. Additionally, Hashdex's DEFI fund is set to close, prompting early withdrawals. The activity highlights Blackrock's dominance in Bitcoin ETF flows and the challenges smaller funds face in liquidity and investor demand.