Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded $438.4 million in outflows on Monday, ending a five-day streak of net inflows that had brought in nearly $3.4 billion, according to SoSoValue data.
Key Outflow Details
- Bitwise’s BITB: Largest outflows at $280 million.
- Grayscale’s GBTC: $158.2 million in outflows.
- Fidelity’s FBTC: Reported $134.7 million in outflows.
- Ark and 21Shares’ ARKB: $110.9 million in outflows.
- Funds from Invesco, Valkyrie, and VanEck also experienced negative flows.
Only two funds saw positive inflows:
- BlackRock’s IBIT: The largest spot Bitcoin ETF with cumulative inflows of $31.6 billion gained $267.8 million.
- Grayscale’s Mini Bitcoin Trust: A modest inflow of $420,460.
ETF Market Activity
On Monday, the 12 Bitcoin ETFs traded $5.6 billion, a slight increase from $5.4 billion last Friday. Cumulatively, these funds have a total net inflow of $30.4 billion and hold total net assets worth $102.2 billion, representing 5.4% of Bitcoin’s market capitalization.
Bitcoin Price Movement
Bitcoin retraced its recent gains, falling to $94,500 after nearing the $100,000 milestone last week. It dropped 3.55% in the past 24 hours and is currently trading at $91,415.
Spot Ethereum ETFs See Modest Inflows
Spot Ethereum ETFs in the U.S. recorded $2.8 million in net inflows on Monday.
- Funds from Bitwise, Fidelity, and VanEck logged inflows.
- 21Shares and Grayscale’s two Ethereum funds reported outflows.
The nine Ether ETFs saw their total trading volume rise to $711.2 million from $373.9 million last Friday, with cumulative flows now totaling $109 million.
Market Outlook
The shift in Bitcoin ETF flows and the dip in BTC price could reflect profit-taking after a strong rally that pushed Bitcoin to near-record highs. Despite the outflows, the ETF market remains a significant player in crypto adoption, with Bitcoin ETFs continuing to attract substantial inflows year-to-date.
