Bitcoin ETFs Lure $477 Million as Investor Appetite Shifts from Gold

US spot Bitcoin ETFs snapped a period of outflows on Tuesday, recording a net inflow of $477.2 million, a move that comes amid reports of softening demand for traditional safe havens like gold.

This resurgence suggests a potential shift in institutional sentiment, with investors increasingly viewing crypto as a modern portfolio diversifier.

“Yesterday’s return to net positive flows signals a potential stabilization… suggesting renewed confidence in crypto as a portfolio diversifier amid economic uncertainties,” said Nick Ruck of LVRG Research. BlackRock’s IBIT led the inflows with $210.9 million, while spot Ethereum ETFs also drew $141.6 million.