U.S. spot Bitcoin exchange-traded funds (ETFs) saw continued momentum on Monday, logging $61.3 million in net inflows, marking the eighth consecutive day of positive inflows. According to data from SosoValue, these investments highlight sustained interest in Bitcoin products.
Leading the inflows was BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, which attracted $72.15 million on Monday. Fidelity’s FBTC also saw solid growth, bringing in $8.32 million.
However, not all ETFs followed this trend. Ark and 21Shares’ ARKB reported $9.5 million in net outflows on Monday, after significant inflows of $203.07 million last Friday. Bitwise’s BITB experienced similar movement, with $9.67 million in net outflows.
Grayscale’s GBTC, which posted rare daily inflows of $26.15 million last Friday, reported no inflows or outflows on Monday. The remaining seven spot Bitcoin ETFs also saw zero flows.
Total trading volume across these 12 Bitcoin ETFs dropped to $1.37 billion on Monday, down from $1.87 billion on Friday.
Ethereum ETFs See Modest Outflows
In contrast, U.S. spot Ethereum ETFs faced $822,290 in net outflows on Monday, following large inflows of $58.65 million last Friday. The Grayscale Ethereum Trust (ETHE) saw $11.81 million exit the fund, while BlackRock’s ETHA recorded $10.99 million in net inflows, marking its fifth straight day of gains.
Like Bitcoin ETFs, trading volume in Ethereum ETFs also fell, with total volume dropping to $149.14 million from $249.09 million on Friday.
At the time of writing, Bitcoin had dipped 1.17%, trading around $63,765, while Ether saw a slight increase of 0.26%, trading at $2,640, according to The Block’s price data.
This sustained activity in Bitcoin ETFs showcases the continued investor interest in the asset, despite the fluctuations in trading volumes and prices.
