On Tuesday, spot Bitcoin ETFs in the US returned to net inflows, collecting $119 million, while Ether ETFs extended their outflow streak to six trading sessions with a total withdrawal of about $408 million.

Inflow Offsets Monday’s $90 Million Outflow

According to SoSoValue, Tuesday’s inflow reversed Monday’s net outflow of $90 million. Despite the fund flows, the price of Bitcoin declined: on Tuesday, BTC fell from above $86,600 to below $84,000; at the time of publication, the price was $83,971 (down 2.1% over 24 hours), according to CoinGecko.

Ether ETFs: $202 Million Outflow on Tuesday After About $51 Million on Monday

Outflows from Ether ETFs reached $202 million on Tuesday, compared to about $51 million the previous day, bringing the streak to six sessions and a total of approximately $408 million over the period.

CryptoQuant Assessment: Profit-Taking at a $68,900 Basis

According to a CryptoQuant participant, Bitcoin’s recovery has faced increased profit-taking, as the price traded at a significant premium to the estimated cost basis of active traders at $68,900. Further price action will depend on whether new demand can absorb this supply.

Mixed Flows for XRP, Solana, and Zcash

Among other crypto ETFs on Tuesday, flows were mixed: XRP funds attracted $3.1 million, Solana (SOL) saw an outflow of $3.7 million, and Zcash (ZEC) recorded no net flows after outflows in the previous two sessions.