US spot Bitcoin exchange-traded funds (ETFs) recorded $95 million in net outflows on Tuesday as investors poured billions of dollars into stock funds during a market pullback.
Tuesday’s withdrawals brought net outflows from US spot Bitcoin (BTC) ETFs to roughly $1.6 billion since the start of November, according to SoSoValue data.
Bitcoin ETF outflows eased for a third straight session, while stock funds accounted for all 17 of the top US-listed ETFs by inflows over five trading sessions, according to Bloomberg ETF analyst Eric Balchunas.
Equity ETF investors “devoured” the dip
US-listed ETFs attracted roughly $12 billion per day over those five sessions, with all 17 of the top funds by inflows investing in equities, Balchunas said on X on Tuesday.
The biggest beneficiaries included Vanguard’s S&P 500 ETF (VOO), Invesco’s Nasdaq-100 ETF (QQQ) and BlackRock’s iShares Core S&P 500 ETF (IVV).
