Bitcoin ETFs Record $562M in Inflows, Ending Four-Day Outflow Streak

TLDR

• Spot Bitcoin ETFs saw $561.9 million in net inflows on Monday, ending a four-day streak of outflows.
• Fidelity’s Bitcoin ETF led the inflows with $153.4 million, followed by BlackRock’s Bitcoin ETF with $142 million.
• Despite Bitcoin’s volatility, including a drop to $75,000, the inflows indicate renewed investor confidence.
• Bitwise’s Bitcoin ETF also recorded strong inflows of $96.5 million, showing widespread interest in Bitcoin ETFs.
• Ethereum ETFs experienced smaller outflows of $2.86 million compared to last week’s larger withdrawals.

Spot Bitcoin ETFs saw a sharp rebound on Monday, recording $561.9 million in net inflows. This came after a four-day streak of outflows and marked the strongest single-day intake since mid-January. Despite ongoing volatility, including Bitcoin’s drop to $75,000, the inflows signaled renewed investor confidence.

Bitcoin ETFs Lead Inflows with Fidelity and BlackRock

Fidelity’s Bitcoin ETF (FBTC) led the inflows on Monday with $153.4 million. BlackRock’s Bitcoin ETF (IBIT) followed with $142 million in inflows. Bitwise’s Bitcoin ETF (BITB) also saw a strong showing, posting $96.5 million in net inflows.

The inflows were notable in the face of Bitcoin’s price fluctuations. The cryptocurrency slid to $75,000 earlier in the day, but rebounded to $78,500 by late Monday. This price action was still below levels seen before the recent sell-off, but the inflows highlighted confidence in Bitcoin ETFs.

Vincent Liu, CIO at Kronos Research, attributed the inflows to “renewed conviction among large allocators.” Liu explained that large investors are using regulated Bitcoin ETFs to scale exposure as part of broader portfolio adjustments. This trend reflects a strategic positioning ahead of potential market catalysts.

Ethereum ETFs See Smaller Outflows

While Bitcoin ETFs posted strong inflows, spot Ethereum ETFs experienced a different trend. Ethereum ETFs saw $2.86 million in net outflows on Monday. This marked a much smaller outflow compared to the $252.87 million in outflows seen last Friday.

Despite Ethereum’s outflows, the overall cryptocurrency ETF market saw a positive shift. Bitcoin ETFs’ recovery indicated that market participants are repositioning as prices stabilize. Tim Sun, senior researcher at HashKey Group, suggested that the market had priced in pessimistic expectations, paving the way for a partial return of capital.

The inflows to BTC ETFs reflect a broader market sentiment shift. Investors appear to be rebalancing their portfolios, adjusting to recent market fluctuations. The movement indicates that institutional investors remain interested in Bitcoin despite ongoing volatility.

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