U.S. Spot Bitcoin ETFs See $235M in Net Inflows, Extending Positive Streak to Two Days
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $235.19 million in net inflows on Monday, marking a two-day streak of positive capital movement, according to data from SoSoValue.
Among the 12 ETFs tracked, Fidelity’s FBTC led the charge with $103.68 million in inflows.
Likewise, BlackRock’s IBIT, the largest spot bitcoin ETF by assets, saw $97.88 million in net inflows, recovering from zero flows reported last Friday.
Other notable entries include Bitwise’s BITB, which recorded $13.09 million in new investments, and Ark and 21Shares’ ARKB, which attracted $12.63 million.
VanEck’s HODL saw $5.37 million in inflows, while Invesco’s BTCO added $2.53 million.
Grayscale’s GBTC, the second-largest spot bitcoin ETF, along with six other ETFs, reported no inflows on Monday.
The total trading volume of the 12 bitcoin ETFs reached $1.22 billion on Monday, showing a slight increase from $1.19 billion on Friday and $1.13 billion on Thursday.
In contrast, U.S. spot Ethereum ETFs saw no inflows on Monday, following $7.39 million in net inflows on Friday and $3.2 million in outflows on Thursday.
The combined trading volume of the nine Ethereum ETFs dropped to $118.43 million, down from $148.01 million on Friday.
Amid these ETF movements, Bitcoin dipped 1.4% to $62,757, while Ethereum fell 2.09% to $2,442.
As reported, digital asset investment products recorded outflows of $147 million last week amid increasing investor caution in response to robust economic data.
Stronger-than-expected economic indicators have diminished hopes for
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