Spot bitcoin exchange-traded funds in the U.S. returned to net inflows on Tuesday, drawing in a total of $31 million. This follows seven consecutive trading days of net outflows from the 11 bitcoin funds.

Fidelity’s FBTC led net inflows on Tuesday with $49 million, followed by Bitwise’s BITB reporting $15 million in inflows, according to data from SoSoValue. VanEck’s HODL also saw net inflows of $4 million. 

On the other hand, Grayscale’s GBTC saw net outflows of $30.3 million. Ark Invest and 21Shares’ ARKB reported $6 million in net outflows.

BlackRock’s IBIT, the largest spot bitcoin fund in terms of net asset value, saw zero flows, despite having a daily trade volume of $1.1 billion on Tuesday. Other funds from Invesco and Galaxy Digital, Valkyrie and Franklin Templeton also …