US-listed spot exchange-traded funds tied to Bitcoin recorded $167 million in net inflows on Monday, ending a two-day period of heavy withdrawals. The renewed demand came as Bitcoin approached the $70,000 level, drawing investor attention back to the largest digital asset.
Data from SoSoValue shows the inflows followed approximately $577 million in combined outflows recorded on Thursday and Friday. The return of capital suggests investors are cautiously re-entering Bitcoin-related investment products after the recent market volatility.
Altcoin ETFs Continue Multi-Day Outflow Trend
While Bitcoin ETFs saw renewed demand, funds linked to other digital assets continued to experience selling pressure. ETFs tied to Ethereum, XRP and Solana extended their outflow streak to three consecutive days.
On Monday alone, Ether ETFs saw $51 million leave the funds, while XRP ETFs recorded $18 million in outflows and Solana ETFs lost $2.5 million. Over the three-day period, Ether funds experienced the largest withdrawals, totaling about $225 million.
Market Sentiment Remains Uncertain
Despite the ETF flow divergence, cryptocurrency prices moved slightly higher following comments from Donald Trump suggesting that tensions involving Iran could ease. Lower geopolitical risk expectations pushed oil prices down and lifted broader risk assets.
However, analysts caution that market indicators still show stress among short-term holders, suggesting that a clear market bottom may not yet be confirmed.
Bitcoin traded at $70,800 at the time of writing.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.