Bitcoin ETFs roar back with $524M inflows in best day since market crash

Bitcoin exchange-traded fund (ETF) investments are showing signs of recovery, signaling a return of risk appetite following a record crypto market crash in early October.

US spot Bitcoin ETFs saw $524 million worth of cumulative net inflows on Tuesday, marking the highest daily amount since Oct. 7,

Analysts call correction healthy despite retail worries

Despite retail concerns over the end of the bull cycle, Bitcoin’s current correction remains in a “healthy” range, helping reset leverage and “paving the way for renewed institutional entry,” Lacie Zhang, research analyst at Bitget Wallet, told Cointelegraph.

“Looking ahead, all eyes turn to the Nov. 13 CPI print, though a continued data delay from the government shutdown adds uncertainty.”

Cooling inflation data may ease geopolitical concerns and lead to a “liquidity-driven rebound” for the world’s largest cryptocurrency, the analyst added.

Meanwhile, sustained inflows from Bitcoin ETFs may signal that the “de-risking phase” of ETF holders is coming to an end, as investor demand for digital assets is returning after the crash.

Bitcoin ETFs have been mostly in the red since the October crash, with daily outflows reaching up to $700 million, which pointed to a “broader de-risking phase among ETF investors,” wrote crypto data platform Glassnode, in a Tuesday X post.

As for the other crypto ETFs, Ether (ETH) ETFs saw $107 million worth of outflows on Tuesday, while the Solana (SOL) ETFs extended their 11-day winning streak with $8 million worth of net positive inflows, according to Farside Investors.

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