U.S.-listed spot Bitcoin exchange-traded funds (ETFs) broke a two-week trend of redemptions, pulling in a combined $299.8 million in net inflows on Tuesday. The renewed buying signals a potential shift in investor sentiment after a period of sustained withdrawals.

Fidelity’s FBTC led the charge, attracting $165.9 million in new investments. Ark 21Shares’ fund was not far behind, adding a significant $102.5 million to its holdings. Even Grayscale’s historically high-outflow Bitcoin product saw a positive day, bringing in $24.1 million.

This positive activity stands in sharp contrast to the previous week, when digital asset investment products collectively lost $1.17 billion. During that period, U.S. Bitcoin products alone accounted for $932 million in redemptions, while Ethereum-based products shed $438 million.

European Markets and Altcoins Show Diverging Trends

While U.S. markets experienced volatility, European investors appeared to maintain a different strategy. Funds in Germany and Switzerland continued to attract capital, recording $41 million and $50 million in inflows, respectively. This geographic split suggests a more long-term holding pattern among European investors.

The altcoin market also demonstrated resilience. Solana, in particular, maintained its strong momentum, attracting another $118 million in inflows last week. This brings its impressive nine-week investment total to $2.1 billion, highlighting continued confidence in the network beyond Bitcoin.

Bitcoin Nears Supply Milestone Amid Price Recovery

Adding to the market’s fundamental narrative, Bitcoin is approaching a significant milestone. Its circulating supply is set to cross 19.95 million within a week, which represents 95% of its maximum limit of 21 million coins. According to Kraken’s global economist Thomas Perfumo, this approaching milestone highlights Bitcoin’s programmed scarcity, a core tenet of its value proposition that remains intact despite short-term price swings.

Reflecting the renewed optimism from ETF inflows, the crypto market saw a modest recovery. Bitcoin’s price rose 1.4% to trade around $68,000, while Ethereum gained 2.1% to reach $3,424 as traders rotated capital back into the two leading digital assets.